President Tinubu is Set to Sign Executive Orders Aimed at Reducing Prices of Essential medicines

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Healthcare Reforms Unveiled: Executive Orders

In an imminent move to alleviate the cost burden of pharmaceuticals on Nigerians, President is set to sign executive orders aimed at reducing the prices of essential medicines.

The announcement came from the Minister of State for Health, Tunji Alausa, and was communicated through a post on X by the Special Adviser to the President on Information and Strategy, Bayo Onanuga on Wednesday.

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This strategic decision is a response to the soaring prices of pharmaceutical products, a growing concern for many Nigerians. Minister Alausa stated that the executive orders are expected to provide “immediate succour” to citizens, addressing the urgent need for affordable healthcare products in the country.

Read also:Federal High Court Directs NPC to Disclose Expenses in Suspended Census

The move to regulate pharmaceutical prices through executive orders was underscored a month prior by the Minister of Health, Ali Pate, who emphasized the necessity of such measures following the withdrawal of major multinational pharmaceutical companies from the Nigerian market.

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This departure has intensified the challenge of accessing reasonably priced medicines, making government intervention critical.

Minister Alausa explained, “Mr. President has asked us to come up with a set of Executive Orders that he is going to sign to provide immediate succour to Nigerians about the high cost of pharmaceuticals.”

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He highlighted that these executive orders, addressing short-term solutions, will reach the President’s table in the next few days. The ministry is also collaborating with other sectors to develop medium and long-term plans for a sustainable solution.

Acknowledging the historical inadequacies in planning that led to the current situation, Alausa assured Nigerians that President Tinubu is committed to swiftly resolving the problem. Despite challenges, the minister emphasized the administration’s dedication to fulfilling campaign promises, including revamping and improving Nigeria’s healthcare system.

Read also:Tinubu Govt benefiting from dollar-to-naira hike – APC Senator

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The 2024 healthcare budget is touted as the largest in Nigeria’s history, reflecting the administration’s commitment to long-term solutions.

As Nigerians endure the current circumstances, Minister Alausa assured that the costs of pharmaceuticals will witness a significant reduction soon.

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