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My govt has given N100bn loans to indigenous manufacturers – Buhari

President Muhammadu Buhari on Tuesday said the Federal Government has disbursed a total of N100 billion to indigenous pharmaceutical manufacturers and healthcare investors as loans.

Buhari said the loan was to expand the capital base of pharmaceutical manufacturers and boost local production of medicines and medical consumables.

Buhari disclosed this in Abuja while receiving the new Executive Members of the Nigerian Medical Association (NMA).

The President explained that the loan was extended through the Central Bank of Nigeria’s support to the private pharmaceutical sector.

He added that the Health Sector Reform Committee chaired by Vice-President Professor Yemi Osinbajo is currently exploring models for revitalizing the nation’s healthcare system that would improve the quality of care and the benefits package to care providers.

On brain drain in the health sector, the President said he had directed the Honourable Minister of Health to look into ways of turning “brain drain” to “brain gain” by engaging top Nigerian medical experts in the diaspora in knowledge and skills repatriation.

He urged the Association and other stakeholders in the health sector to support initiatives by the Federal Government and work with the Committees set up to chart a fast track to a health system that best meets the needs of Nigerians in the 21st Century.

The President also commended the Association, which is the umbrella body of all Medical Practitioners in Nigeria, for consistently choosing…

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