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Diversification: FG says it’ll resolve manufacturers’ hiccups

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By Naomi Uzor
THE Federal Government has said following the need for diversification and sustainability of economic growth in the country, it has the sense of emergency to solve problems of manufacturers in a way that can benefit all Nigerians.

Speaking during a facility tour of May & Baker Nigeria Plc, Fidson Pharmaceuticals Plc at Otta and Kimberly Clark Nigeria, the Minister of Industry, Trade and Investment, Dr Okechukwu Enelamah, said the Federal Government is serious and committed about resolving the challenges hampering on economic growth, adding “the main thrust of this government is basically to diversify this economy in a way that increases their local production.”

He said the only way to achieve this is to partner with industries, manufacturers, players in the private sector. “We are coming up with the reform to make the ports better, we are committed and we will reform. The last meeting with the acting president was cut clear around trade borders, how do we eliminate all these check points and toll gates so that we will have a world class export facility.

That is why we want to work with companies in Nigeria and do everything possible to be able to export so you have a winning partner in us as a government. We want to see you exporting without tears” he said

Managing Director, May & Baker, Dr. Nnamdi Okafor, lauded government’s effort in improving the country’s business climate through policies and the Executive Orders. “Your presence shows you want to get first-hand information on challenges impeding the pharmaceutical industry. I must commend BoI because without the bank this company would be non-functional.

We were able to access about one billion naira from the bank two years ago,” Okafor stated.
The Managing Director /CEO, Fidson Pharmaceutical, Mr. Fidelis Ayebae, said it is disheartening that in the Nigerian market 20 to 30 per cent of the drugs are fake.

“When we discovered this, we were very worried and as a professional group, we are taking the show up. Right now we are in the process of getting NAFDAC very aggressively so that we don’t seem to throw up a very big noise. The meeting will hold next week, we are worried because we know that life goes before business. For this, long term for us is to make medicines locally, the medicines are more reliable when made locally. We are taking this fight up and we have informed our members that once we finish engaging NAFDAC, we will make this a public issue” he said.

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