President Bola Ahmed Tinubu Slashes Taxes on Pharma Inputs to Boost Local Production
President Bola Ahmed Tinubu has signed an executive order aimed at increasing local production of healthcare products. The order removes tariffs, excise duties, and value-added tax (VAT) on imported pharmaceutical inputs, including active pharmaceutical ingredients (APIs), excipients, and other essential raw materials. This move is expected to reduce production costs and enhance the competitiveness of…