Pharmaceutical: Forex Paucity Contributes To Companies Exit In Nigeria
The Manufacturers Association of Nigeria (PMG-MAN) has attributed paucity of foreign exchange to the contributing factors negating local pharmaceutical industry in the country. The Pharmaceutical Manufacturers Group of MAN has expressed concerns prior to their forthcoming 77th Edition of the Nigeria Pharmacy Manufacturers Expo (NPME) scheduled between September 4 and September 5, 2024. GlaxoSmithKline (GSK) discontinued operations in Nigeria in August 2023, ending its 51-year existence in the country, while French pharmaceutical manufacturing company, Sanofi, exited Nigeria in November.