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- Federal Executive Council has approved the constitution of MediPool, an bureau aimed astatine reducing cause costs and improving the availability of medicines nationwide
- Muhammad Ali Pate, Minister of State for Health and Social Welfare, announced this connected Monday aft the FEC meeting
- This was aft US President Donald Trump decided connected the reducing prices of medicine drugs and pharmaceuticals
Legit.ng journalist Esther Odili has implicit 2 years of acquisition covering governmental parties and movements.
State House, Abuja - The Federal Executive Council (FEC) has approved the constitution of MediPool, a purchasing organisation.
FEC approves MediPool to slash cause costs - Pate
Source: Twitter
Muhammad Ali Pate, Minister of State for Health and Social Welfare, confirmed this and stated that the organisation volition connection competitory pricing and proviso indispensable medicines and healthcare products crossed Nigeria.
As reported by The Cable, the curate noted that MediPool volition relation arsenic a public-private partnership, leveraging the national government’s important purchasing powerfulness to negociate amended prices from suppliers.
Continuing, Pate added that it would beryllium established done the national government’s basal healthcare proviso money and yet done national tertiary hospitals.
“So it’s utilizing the monopsony powerfulness of authorities arsenic a ample purchaser of those commodities to negociate little prices and past transmission those commodities,” helium said.MediPool: Nigeria adopts planetary model
Source: Facebook
Speaking further, Pate said Medipool has been vetted done the infrastructure concession regulatory committee and benchmarked with different planetary radical purchasing organisations successful Kenya, South Africa, Singapore, Saudi Arabia, and galore different countries.
He added that for astir a twelvemonth and a half, the authorities had been trying antithetic ways to trim the costs of pharmaceutical products due to the fact that Nigerians were hurting from rising costs.
“It’s not constricted to Nigeria. As you whitethorn beryllium aware, adjacent countries arsenic acold arsenic the United States are placing enforcement orders to trim the outgo of pharmaceuticals,” helium said.On Monday, May 12, US President Donald Trump said helium would motion an enforcement bid reducing prices of medicine drugs and pharmaceuticals by 30 to 80 percent.
If pharmaceutical companies respond to US terms caps by limiting proviso oregon raising prices elsewhere, this could disrupt the availability oregon affordability of definite drugs successful Nigeria, peculiarly branded oregon specialty medicines.
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FG suspends import duties, VAT connected aesculapian supplies
Meanwhile, Legit.ng reported that President Bola Tinubu has signed an enforcement bid suspending import duty and VAT connected aesculapian supplies.
The determination is to trim the outgo of locally made aesculapian supplies specified arsenic needles and syringes.
This comes amid respective pharmaceutical companies announcing that they are ceasing operations successful Nigeria.
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Source: Legit.ng
