Tinubu's Executive Order on Zero Tariffs for APIs: A Timely Boost for Healthcare, Olamiju Commends.

Tinubu's Executive Order on Zero Tariffs for APIs: A Timely Boost for Healthcare, Olamiju Commends.

In a bold and strategic move to enhance the healthcare system in Nigeria, Dr (Pharm) Olamiju has eulogized President Bola Ahmed Tinubu GCFR has signed an Executive Order eliminating tariffs, excise duties, and VAT on Active Pharmaceutical Ingredients (APIs) and manufacturing equipment. Olamiju said this landmark decision aims to significantly reduce the cost of drugs, medicines, and medical consumables, making essential, high-quality medications more accessible and affordable for citizens.

Dr. Siji Olamiju, a renowned pharmaceutical expert and former cabinet member for Public Health under Governor Oyetola's administration has hailed this initiative as both timely and crucial In a statement personally signed and released to the press in Osogbo, Osun State, Dr. Olamiju commended President Tinubu for his visionary leadership and dedication to improving the nation's healthcare sector.

"This Executive Order is not only the right decision but also a timely one," Dr. Olamiju stated. "By removing tariffs, excise duties, and VAT on APIs and manufacturing equipment, we are set to witness a significant reduction in the prices of drugs, medicines, and healthcare consumables. This move will ensure that high-quality essential drugs are available and affordable to meet the healthcare needs of our citizens."

Dr. Siji Olamiju, a renowned pharmaceutical expert.

Dr. Olamiju further explained that the implications of this executive order would soon be evident in the healthcare market, with lowered prices of essential medicines benefiting both patients and healthcare providers. He emphasized that this policy aligns with and strengthens the National Drug Policy, which aims to ensure the availability, affordability, and accessibility of essential medicines to all Nigerians.

"The impact of this policy will be profound," Dr. Olamiju continued. "Lower drug prices mean that more people will be able to afford their medications, leading to better health outcomes and an overall improvement in the quality of life. Additionally, this move will stimulate the local pharmaceutical manufacturing industry, creating jobs and boosting the economy."

Senator Bola Ahmed Tinubu GCFR, President Federal Republic of Nigeria.

President Tinubu's commitment to addressing the challenges in the healthcare sector has been evident since the beginning of his administration. By prioritizing policies that enhance drug affordability and accessibility, he is laying a strong foundation for a healthier nation. Dr. Olamiju praised Tinubu's proactive approach, noting that the President's understanding of the healthcare landscape and his decisive actions are critical to achieving sustainable development in Nigeria.

"This Executive Order is a testament to President Tinubu's dedication to the well-being of Nigerians," Dr. Olamiju concluded. "His leadership is setting a new standard for healthcare in our country, and we are confident that with continued focus and support, Nigeria's healthcare system will be transformed for the better.

"As Nigeria's healthcare system continues to evolve, bold initiatives like this Executive Order will pave the way for a brighter, healthier future for all citizens."