News

My Govt Has Given N100Bn Loans To Indigenous Manufacturers – Buhari

Published

2 years ago

Aug 9, 2022.

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.

EKO HOT BLOG reports that in order to increase their financial bases and increase domestic production of pharmaceuticals and medical supplies, the Federal Government has given loans totaling N100 billion to domestic pharmaceutical producers and healthcare investors.

In Abuja on Tuesday, President Muhammadu Buhari made this announcement as he welcomed the new Executive Members of the Nigerian Medical Association (NMA).

EDITOR’S PICK

In a statement released by the president’s spokesperson, Femi Adesina, on Tuesday, the president described how the loan was made possible by the support given to the private pharmaceutical industry by the Central Bank of Nigeria.

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

On brain drain in the health sector, the President said he has 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 peaceful resolution of differences on matters pertinent to the National health system.

‘‘I commend our medical professionals for their contribution to Nigeria’s exemplary management of the COVID-19 pandemic, the control of malaria, HIV and Tuberculosis, and other feats also achieved by Nigerian doctors in the diaspora.

‘‘Our response to COVID-19 pandemic has been praised internationally and your members are key parts of this success.

‘‘I recall that in the last quarter of 2021, the immediate past NMA Executives visited me and presented recommendations for the health sector, which included, the review and amendment of NHIS Act; upgrading and equipping existing health institutions; loans to fund hospital equipment; the repeal and re-enactment of the Medical and Dental Practitioners’ Act; and Appeal for more funding for the four (4) newly established Universities of Medical Sciences.

‘‘I am pleased to inform you that most of these recommendations have been addressed, whilst further action is being taken to study those involving cross-cutting administrative processes with legal implications,’’ Buhari said.

The President also used the occasion to congratulate a former President of the body, Dr. Osahon Enabulele, who is now the President-elect of the World Medical Association, the first Nigerian to hold the position.

While wishing him a successful tenure, the President expressed hope that Enabulele would use his position to support improvement in health care delivery in Nigeria and lower income countries.

He also wished the new Executive Members of NMA a successful tenure, urging them to earnestly continue to serve as arbiters of peace and progress.

The Minister of Health, Dr Osagie Ehanire, who led the medical practitioners to the audience, affirmed that the doctors have been good partners with his ministry, helping to regulate the health profession as well as stressing quality service delivery.

In his remarks, the President of the NMA, Dr Uche Rowland Ojinmah, said the new National Officers Committee (NOC) was elected on the May 21, 2022.

He commended President Buhari for his steadfast war against corruption; assent to the National Health Insurance Authority (NHIA) Act which will “improve the health indices of our nation;” the constitution of the Health Reform Committee under Vice President Yemi Osinbajo; and the various infrastructural projects embarked upon by the Buhari administration.

Dr Ojinmah enjoined the President to ensure full and appropriate implementation of the NHIA Act; provision of “adequate work equipment, conducive work environment and necessary budget support;” as well as elongation of the retirement age for medical consultants to 70 years and 65 years for non-consultant doctors and other healthcare workers.

Others include: implementation of the Hazard Allowance circularized in December 2021 with the arrears; as well as the setting up of a Health Bank.