Executive Order: Increase Local Production of Healthcare Products

Introduction

This Executive Order aims to address significant challenges in the Nigerian health sector, including underinvestment, poor policy implementation, and a challenging regulatory environment. It seeks to reverse negative trends in healthcare infrastructure, services, and local production of healthcare products through fiscal and non-fiscal incentives.

Key Points

• Zero tariffs and excise duties on pharmaceutical machinery, equipment, goods, and accessories
• Special waivers on Active Pharmaceutical Ingredients, Excipients, and other raw materials
• Establishment of framework contracts and volume guarantees to support local manufacturing
• Regulatory harmonization and expedited approval processes

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Key Provisions

Zero Tariffs and Excise Duties

Exemption from all tariffs and excise duties for specified pharmaceutical goods and items listed in the Schedule.

Special Waivers

Zero tariffs, excise duties, and VAT on Active Pharmaceutical Ingredients, excipients, and raw materials for essential medicines and manufacturing of medical products.

Market Shaping

Establishment of framework contracts and volume guarantees to support local manufacturing of healthcare products.

Regulatory Harmonization

Development of a Harmonised Implementation Framework within 30 days to guide relevant agencies in operationalizing this Order.

Duration

The exemptions and special waivers granted under this Order shall be for a period of two years from the effective date.

Contact Information

For any queries related to the Executive Order, please email us at:

eo@pvac.gov.ng