Drug prices have continued to rise despite the exemption of pharmaceutical ingredients from import taxes and duties.
This has left retailers, manufacturers, and consumers struggling with high costs of essential drugs.
In June 2024, President Bola Tinubu signed an executive order exempting equipment and raw materials used in the production of medicines, diagnostic kits, medical devices such as needles and syringes, as well as biologicals and medical textiles from import duties/tariffs for registered and officially recognised pharmaceutic
