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The federal government has been tasked to use fiscal policy measures to boost production in the real sector of the nation’s economy.
His words: “CPPE commends the recent Executive Order removing import duties, VAT, Excise duty on pharmaceutical raw materials, intermediate products, medical diagnostic equipment and machineries. These fiscal policy measures would boost domestic production of pharmaceutical products, reduce the cost of medications, improve access to healthcare, and impact positively on the well-being of citizens. It would also revitalize our pharmaceutical industries and create more jobs.
“We recommend that these fiscal policy measures should be replicated to boost production in other segments of the real sector.
Yusuf made a case for the protection of the nation’s real sector as it obtains in other parts of the world.
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