Tag: Pharmaceutical industry
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Nigeria’s Pharmaceutical Industry: Under Pressure, But Standing
An Industry Overview Nigeria’s pharmaceutical sector is going through a genuine structural reset. Some multinational pharmaceutical firms such as GlaxoSmithKline (GSK), Sanofi Nigeria and a few others have left the country, citing increased operational cost, forex scarcity, naira devaluation, and the economic impact. Drug prices have climbed faster than incomes for three consecutive years, and…