By Tonia Okereke
The Coordinating Minister of Health and Social Welfare, Prof Muhammad Pate, has announced that Nigerian government has secured $5.5bn in private sector capital.
Pate, made the announcement via his X handle on Sunday, adding that the investment was achieved under the leadership of President Bola Tinubu.
He wrote: ย โUnder the innovative leadership of H.E. President Bola Ahmed Tinubu, GCFR, Nigeria has advanced 22 new large-scale health sector manufacturing projects funded by $5.5bn in private sector capital, but as these new investments come into our country, our focus on cultivating a world-class pharmaceutical manufacturing workforce in-country has sharpened.
โAgainst the backdrop of Nigeria recently securing โฌ1bn from the European Investment Bank and an additional $1bn from AfreximBank to incentivise health sector value chain localisation, we have signed an agreement with Empower School of Health, Geneva, that will see to the establishment of Africaโs foremost pharmaceutical manufacturing training institute, Empower Academy Nigeria.
โFunctioned to accommodate knowledge transfer in support of the local production of pharmaceutical excipients, active pharmaceutical ingredients, and advanced dosage forms such as inhalers, extended-release medications, and dermatological patches, Empower Academy Nigeria will advance best practice in process engineering, regulatory compliance, quality control, environmental monitoring, and other important fields.โ
Be the first to comment