Expect 100% Hike In Drug Prices, PSN Tells Nigerians

The Lagos State Branch of the Pharmaceutical Society of Nigeria, PSN, has told Nigerians to expect a 100% increase in drug prices.

PSN chairman in Lagos Mrs Bolanle Adeniran, who spoke at an event organized by the Lagos Chamber of Commerce and Industries on Thursday, stated that Nigerians should expect a 100% increase in drug prices in about six months from now if the National Agency for Food and Drug Administration and Control does not reverse the 350 per cent levy it imposed on drug and product registration in the country.

Punch reported that she said that NAFDAC also needed to eliminate the delay associated with registration of drugs and related products, adding that the registration could take over two years in bizarre instances.

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