Address Rising Drug Prices, NMA Tells FG

The Lagos chapter of the Nigeria Medical Association (NMA) has cried out to the Federal Government to address the current challenges faced with the increase in drug prices and the affordability of medical services.


He stated, “The unaffordability of medical services must be addressed. In an era of expensive healthcare and budget constraints, we must explore sustainable models that ensure both the financial stability of healthcare institutions and the affordability of services for patients.

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“This calls for innovation, collaboration, and a proactive approach to address the economic challenges facing medical practitioners today. Increased investment in the health sector is an investment in the resilience and productivity of our nations.

“It is an acknowledgment that our people’s health is intertwined with the prosperity of our nation. We must work collaboratively with policymakers and advocate aligning healthcare investments with broader economic development goals.

“A closer look at Nigeria’s current turn of events reveals a disturbing trend in the exit of manufacturing companies, especially pharmacological industries. The immediate biting effects of this exodus are felt by all and sundry.

“The prices of drugs have astronomically risen to high heavens. The aged dynamics of drugs of choice and choice of drugs have been altered by a decline in buying power.”

The state NMA chairman stated that more campaigning was required to ensure that resources were not just allocated but also used effectively in the field of health care.