PRICES OF DRUGS SET TO RISE AGAIN AS TARIFF WAIVERS HAVEN’T BEEN IMPLEMENTED
Drug prices have remained high as the federal government’s plan to introduce zero tariffs on pharmaceutical products drags.In June 2024, President Bola Ahmed Tinubu signed an executive order aimed at eliminating tariffs, excise duties, and value- added tax (VAT) on specialised machinery, equipment and raw materials for pharmaceuticals. The goal was to stimulate local production