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Pfizer signs MoU with Nigerian Gov’t to reduce drugs cost

by Frank Ulom
April 8, 2023
in General
A A
Pfizer signs MoU with Nigerian Gov’t to reduce drugs cost

The signing of the Memorandum of Understanding (MOU) with Pfizer, according to the National Health Insurance Authority (NHIA), would guarantee that pharmaceuticals are available, affordable, and accessible to Nigerians.

In Abuja on Monday during the MOU signing, Prof. Mohammed Sambo, Director-General of NHIA, who was represented by Mr John Okoh, General Manager, Finance, made this statement. Pfizer is a top biotech business providing unique and cutting-edge medications for a variety of diseases, including oncology, critical care, inflammation and immunology, rare diseases, vaccines, and immunology.

He claims that the recently announced medication-registered hitchhiking pharmaceutical supply strategy will ensure that drugs are both readily available and reasonably priced.

Sambo said: “The authority medicine supply initiative is to ensure that medicine supply and other products are affordable, available, accessibly and acceptably for the consumption of all Nigerians.

“The signing is a major health status that will improve the health of Nigeria and with the partnership with Pfizer, a committee will be formed to draw the roadmap for full implementation of the MOU. The MOU is very important to authority’s journey toward achieving universal health coverage”.

READ ALSO: Inflation rate hits 20.77% in Nigeria

According to Mr Olayinka Subair, the country manager for Pfizer in West Africa, the corporation is engaged in research and cutting-edge medication. He claims that as a major pharmaceutical company, it excels at treating diseases and has as its mission to put the greatest medications in the hands of patients.

According to Subair, the agreement would make the company’s global aim of reducing healthcare disparities between the rich and the poor, regardless of geography, a reality.

He said: “Today, we are coming with critical care products, managing infection and in future, we will bring in other curative medicines that are globally released for treatment of various illnesses including cancer and other health situations”.

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Frank Ulom

Frank Ulom

Frank Ulom is an experienced Journalist, Blogger and a Biochemist with specialisation in Human Nutrition. He has worked and still working with various news organisations.

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