They say the scarcity is due to supply chain shortage, shortage of foreign exchange, and the impact of COVID-19.
According to them, the scarcity has led to an unprecedented increment in drug prices by 300 per cent.
“From our end, we are creating a platform for people to report medicine shortages in the country. This will help us to know what is happening and help to resolve the issues,” he said. “For instance, we used to buy Ventolin at N1,200 and we sell to other pharmacies at N1,800, but with the scarcity now, Ventolin is now about N3,000 or N3,500. Since there is increased in demand and there is reduced supply, the prices are going up.”Iyiola said unscrupulous manufacturers may take advantage of the scarcity and deliberately produce poor-quality drugs to the detriment of patients.
Also, a pharmacist and Chief Executive Officer of HubCare Health, Sesan Kareem told The PUNCH that the scarcity has lingered for five months. The coalition accused GSK international and their Nigerian management team of profiteering at the expense of Nigerians’ health by deliberately limiting the supply of certain essentials drugs, noting that it is all geared at devaluing the company’s shares with a plan to shut it down and turn Nigeria into an import hub.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Again, Gunmen Attack Nigerian Police Division, Kill Three Officers In Ebonyi | Sahara ReportersUnknown gunmen have reportedly killed three police officers attached to the Oshiri Police Division in the Onicha Local Government Area of Ebonyi State. It was learnt that the divisional headquarters of the command in the Onicha Local Government was attacked on Wednesday. This is coming less than 48 hours after a similar incident happened at a police checkpoint, just a few poles away from the State Police Command headquarters in Abakaliki in which a police inspector was killed.
Read more »
Nigerian institute opens centre for security analysis, democracy radioMr Sulaiman said the medium would not only transmit legislative businesses but also serve as the voice of the Nigerian people.
Read more »
Worst Nigerian president ever - Sowore knocks BuhariThe African Action Congress, AAC, presidential candidate, Omoyele Sowore, has knocked President Muhammadu Buhari over the commissioning of some roads,
Read more »
On eve of transition, Nigerian chef cooks up a storm, By Azu IshiekweneAfter weeks of being at daggers drawn over the results of the last general elections and with only days to the inauguration of a new government on 29 May, one of Nigeria’s three biggest pastimes – food – appears to be bringing people together again. On a good day, the country swoons over football or […]
Read more »
Nigerian Government Releases Report Of Visitation Panels To Universities After 13-Year Gap | Sahara ReportersThe Muhammadu Buhari Government has finally released the white paper of visitation panels to 42 higher institutions, including universities and polytechnics a few days before the inauguration of a new administration. It was learned that the release of the white paper was one of the demands laid down by the university lecturers’ union, Academic Staff Union of Universities during the union’s strike in 2022.
Read more »