Saturday, December 6, 2025
  • REPORT A STORY
  • PRIVACY
  • CONTACT US
WITHIN NIGERIA - NEWS PICKS
  • HOME
  • FEATURES
  • NEWS PICKS
    • BREAKING
    • National
    • Local News
    • Politics
    • Diaspora
    • Business
    • Education
    • Sports
    • World News
      • Africa
      • U.S
      • Asia
      • Europe
    • XTRA
  • ENTERTAINMENT
  • MORE
    • GIST
    • ARTICLES
    • VIDEOS
No Result
View All Result
WITHIN NIGERIA - NEWS PICKS
No Result
View All Result
  • HOME
  • FEATURES
  • NEWS PICKS
  • ENTERTAINMENT
  • MORE

FG grants N100bn loan to indigenous pharmaceutical manufacturers

Adejayan Gbenga Gsong by Adejayan Gbenga Gsong
August 9, 2022
in National
Reading Time: 3 mins read
0 0
A A
0
Share on FacebookShare on Twitter

The federal government has granted a N100 billion loan to indigenous pharmaceutical manufacturers and healthcare investors to expand their capital base and boost local production of medicines and medical consumables.

President Muhammadu Buhari, who disclosed this Tuesday at the State House in Abuja while playing host to the new executive members of the Nigerian Medical Association (NMA), explained that the loan was extended through the Central Bank of Nigeria’s (CBN) support to the private pharmaceutical sector.

According to him, the Health Sector Reform Committee chaired by Vice-President Yemi Osinbajo, is currently exploring models for revitalizing the nation’s healthcare system in ways that will improve the quality of care and the benefit package to care providers.

Commenting on the brain drain in the health sector, the president said he has directed the Minister of Health, Dr Osagie Ehanire, to look into ways of turning “brain drain” to “brain gain” by engaging top Nigerian medical experts in the diaspora in knowledge and skills repatriation.

READ ALSO

Rivers Speaker, 15 other assembly members loyal to Wike quit PDP, join APC

Insecurity: VIPs’ protection, a presidential order and a nation’s broken police system

New dawn at the defence ministry: Christopher Musa and the burden of expectations

Tinubu’s jarring ambassadorial nominee list and the place of optics in governance

He urged the association and other stakeholders in the health sector to support initiatives by the federal government and work with the committees set up to chart a fast-track to a health system that best meets the needs of Nigerians in the 21st century.

The president also commended the association, which is the umbrella body of all medical practitioners in Nigeria, for consistently choosing peaceful resolution of differences on matters pertinent to the national health system.

He said: ‘‘I commend our medical professionals for their contribution to Nigeria’s exemplary management of the COVID-19 pandemic, the control of malaria, HIV and Tuberculosis, and other feats also achieved by Nigerian doctors in the diaspora.

‘‘Our response to COVID-19 pandemic has been praised internationally and your members are key parts of this success.

‘‘I recall that in the last quarter of 2021, the immediate past NMA executives visited me and presented recommendations for the health sector, which included the review and amendment of NHIS Act; upgrading and equipping existing health institutions; loans to fund hospital equipment; the repeal and re-enactment of the Medical and Dental Practitioners’ Act; and appeal for more funding for the four newly established Universities of Medical Sciences.

‘‘I am pleased to inform you that most of these recommendations have been addressed, whilst further action is being taken to study those involving cross-cutting administrative processes with legal implications.’’

The president also used the forum to congratulate a former president of the body, Dr. Osahon Enabulele, the president-elect of the World Medical Association, the first Nigerian to hold the position.

While wishing him a successful tenure, the president expressed hope that Enabulele would use his position to support improvement in health care delivery in Nigeria and lower income countries.

He also wished the new executive members of NMA a successful tenure, urging them to earnestly continue to serve as arbiters of peace and progress.

Speaking earlier, the Minister of Health, Ehanire, who led the medical practitioners to the audience, affirmed that the doctors have been good partners with his ministry, helping to regulate the health profession, as well as stressing quality service delivery.

On his part, the NMA President, Dr Uche Ojinmah, commended President Buhari for his steadfast war against corruption; assent to the National Health Insurance Authority (NHIA) Act, which will “improve the health indices of our nation”, the constitution of the Health Reform Committee under Vice-President Osinbajo and the various infrastructural projects embarked upon by the Buhari administration.

He enjoined the president to ensure full and appropriate implementation of the NHIA Act; provision of “adequate work equipment, conducive work environment and necessary budget support”, as well as elongation of the retirement age for medical consultants to 70 years and 65 years for non-consultant doctors and other healthcare workers.

Others include the implementation of the Hazard Allowance circularized in December 2021 with the arrears, as well as the setting up of a Health Bank.

Discussion about this post

ADVERTISEMENT
NEWS PICKS — WITHIN NIGERIA

WITHIN NIGERIA MEDIA LTD.

NEWS, MULTI MEDIA

WITHIN NIGERIA is an online news media that focuses on authoritative reports, investigations and major headlines that springs from National issues, Politics, Metro, Entertainment; and Articles.

Follow us on social media:

CORPORATE LINKS

  • About
  • Contacts
  • Report a story
  • Advertisement
  • Content Policy
  • Privacy Policy
  • Terms
 
  • Fact-Checking Policy
  • Ethics Policy
  • Corrections Policy
  • REPORT A STORY
  • PRIVACY
  • CONTACT US

© 2022 WITHIN NIGERIA MEDIA LTD. designed by WebAndName

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • HOME
  • FEATURES
  • NEWS PICKS
    • BREAKING
    • National
    • Local News
    • Politics
    • Diaspora
    • Business
    • Education
    • Sports
    • World News
      • Africa
      • U.S
      • Asia
      • Europe
    • XTRA
  • ENTERTAINMENT
  • MORE
    • GIST
    • ARTICLES
    • VIDEOS

© 2022 WITHIN NIGERIA MEDIA LTD. designed by WebAndName