Region
Nigeria

Sector
Healthcare & Pharmaceuticals

Summary:

Nigeria is offering investors the opportunity to invest in the pharmaceutical sector. The government is determined to stop the country's dependence on imported drugs in order to stimulate local production.

Contact
TradeInvestNigeria

Email
infonigeria@gan.co.za

The federal government is offering investors the opportunity to invest in the pharmaceutical sector. The administration is determined to improve health care delivery in Nigeria.

Investment Opportunity

Nigeria's pharmaceutical industry is relatively small and the installed capacity only caters for about 50-75% of the nation's drug needs. Nigeria is still largely dependant on the importation of drugs and the federal government has as a result banned the importation of a number of drugs in order to stimulate local production.

Interested parties therefore have the opportunity to invest in drug manufacturing and the sourcing of its industrial inputs. The raw material requirements of the sector can be classified into heavy and fine chemicals. While the heavy chemicals are mainly mineral and petrochemical based, most of the fine chemicals are agro related.

Opportunities also exist in the distribution and retail of pharmaceuticals.

Contact details:  infonigeria@gan.co.za