In a significant move to boost Nigeria’s healthcare sector, the Presidential Initiative for Unlocking the Healthcare Value Chain (PVAC) has signed a Memorandum of Understanding (MoU) with the US Pharmacopeial Convention (USP).
The Coordinating Minister of Health and Social Welfare, Muhammad Pate, revealed this in a post on his X handle on Monday.
According to the minister, the partnership aims to establish a centralised facility for bioequivalence studies and advanced analytical laboratory services, ensuring the quality of locally produced pharmaceuticals and reducing import dependence.
Expected outcomes
Mr Pate said the initiative targets 70 per cent local production and the creation of 30,000 new jobs by 2030, driving economic growth and improving health outcomes.
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