The Pharmaceutical Manufacturers Group of the Manufacturers Association of Nigeria (PMG-MAN) has expressed concerns over the scarcity of foreign exchange (FX) in Nigeria.
Busola AroThe Pharmaceutical Manufacturers Group of the Manufacturers Association of Nigeria has expressed concerns over the scarcity of foreign exchange in Nigeria.
Speaking at the conference, Patrick Ajah, chairman of the local organising committee for NPME 2024, said a stable exchange rate is crucial for the progress of the domestic pharmaceutical industry.Ajah, the managing director of May & Baker, also highlighted the challenges posed by the fluctuating value of the naira, which has deterred investment and planning within the industry.
“If we didn’t tamper with the currency, all the multinational companies would be here, and they would still be making more investments.”
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