FG Disburses N100bn Loans To Private Pharmaceutical Companies

By Tolulope Oke

According to a statement signed by Special Adviser on Media and Publicity, Femi Adesina, President Buhari said the Federal Government (FG) has disbursed N100bn to private pharmaceutical companies as loans.

The statement was entitled ‘President Buhari hosts new NMA Exco, says FG disburses N100b to indigenous pharma manufacturers.’

This was when he received the new executive members of the Nigerian Medical Association, at the Presidential Villa, Abuja.

He said that the loan was given to the private pharmaceutical industry through the Central Bank of Nigeria. Despite that, the document did not mention when or for how long the loan would be disbursed.

He also disclosed that the FG was addressing the “brain drain” in the health sector brought on by the widespread emigration of doctors from Nigeria to other nations.