Nigeria Health
Mojisola Adeyeye
Director General, National Agency for Food and Drug Administration and Control (NAFDAC)
NAFDAC developed its own quality management and auditing systems in cooperation with the World Health Organisation (WHO) that met international benchmarks, and the agency has been working with the WHO to expand our capacity to handle future pandemics.
Kunle Oyelana
Managing Director, GSK Nigeria
Nigeria presents substantial investment and growth opportunities for the pharmaceutical industry as a result of strong local demand. As the country with both the largest economy and consumer market on the continent, Nigeria is one of the most important markets for the pharmaceutical industry in the world.
Case Study
Bayer is an internationally operating German life science company with over 150 years of experience in health care and agriculture. In 2015 Bayer expanded its presence in West and Central Africa. Bayer Nigeria aims to improve the quality of life for the country’s growing population by preventing, alleviating and treating diseases, as well as by providing a reliable supply of high-quality food, feed and plant-based raw materials.
With more than 115 registered pharmaceutical manufacturers providing a variety of products to health care professionals, the pharmaceutical industry in Nigeria holds significant growth potential and could be valued at $4bn by 2030, which will underpin broader economic growth. However, the country remains highly dependent on imports to supply its pharmaceutical market.
As governments and businesses continue to take note of this high-potential industry, they also face significant challenges, which include facilitating access to pharmacies in remote areas, strict monitoring and control of distributors of patented drugs, and improving the performance of the logistics chain on a national scale.
The ongoing efforts of the authorities and the industry’s biggest players are mainly focused on facilitating access to quality pharmaceuticals for Nigerians. This is expected to stimulate the growth of the sector, and positively impact the overall health and well-being of the country’s population.
