FG Grants Drugmakers ₦24bn in Tax Waivers to Expand Local Production

The Federal Government granted pharmaceutical manufacturers ₦24 billion in tax waivers between 2025 and 2026 to encourage local production and reduce reliance on imported medicines, Health Minister Muhammad Pate said at a sector review in Abuja. The incentives are part of a 2024 executive order covering specified pharmaceutical machinery, equipment and raw materials.

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