The National Agency for Food and Drugs Administration and Control (NAFDAC) has restated its determination to attain the World Health Organization (WHO) Maturity Level Four certification, as a regulatory step towards making pharmaceutical products manufactured in Nigeria competitive in the rapidly transforming the global market. The agency’s Director-General, Prof. Mojisola Adeyeye, who made this remark […]
The Director-General of the International Labour Organization’s (ILO), Gilbert Houngbo, told delegates at the 2022 Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG) to preventing scarring and protect the most vulnerable by increasing minimum wages and guaranteeing social protection benefits. A statement from the global labour organization on Thursday […]
The Centre for Promotion of Private Enterprise (CPPE), one of Nigeria’s private sector advocacy groups championing the cause of policy-driven economic policies and initiatives, has canvassed a 10-point strategic agenda needed to strongly position the nation’s economy on the path of sustainable growth in the years ahead. The Centre, in a Note signed by its […]
Following the positive impact of its interventions in Nigeria’s healthcare system over the past two years, the Nigerian Sovereign Investment Authority (NSIA) on Thursday disclosed that it planned to invest, in collaboration with its partners, about $100 million in its Diagnostics and Oncology Expansion Programme for critical medical facilities in the country. The NSIA’s Managing […]
The World Bank Group has disclosed that it committed the sum of $31.7 billion this financial year (FY2022) to help countries address climate change challenges. The Washington D.C-based multilateral finance institution in a statement hoisted on its website on Thursday indicated that the amount represented a 19 percent increase over the $26.6 billion financing by […]
Nigeria’s Minister of Health, Dr. Osagie Ehanire, has advised African governments to develop fiscal and other business-supporting policy frameworks to increase Sub-Saharan Africa’s (SSA’s) manufacturing capacity of essential pharmaceuticals to improve the regional health system. The minister was quoted in a statement issued on Wednesday by the Deputy Director/Head (Media & Public Relations Unit) of […]
…lauds NBS, development partners on quality of report The Minister of Finance, Budget and National Planning, Mrs. (Dr.) Zainab Ahmed has described the Nigerian 2021 Multiple Indicator Cluster Survey and the National Immunization Cluster Survey (MICS/NICS) report as vital to the nation’s socio-economic development, especially as its relates to policy measures to address children and […]
President Muhammadu Buhari on Tuesday disclosed the Federal Government had released a total of N100 billion loan to indigenous pharmaceuticals manufacturers and healthcare investors as part of his administration’s efforts to improve their capital base and increase local production of drugs and medical consumables. President Buhari, who was quoted in a statement issued by his […]
Data from insurance and reinsurance broker Aon finds that globally, insured losses from natural disaster events totalled $39 billion in the first half of 2022, which is roughly 18% above the 21st century average. According to a news report by Reinsurance News, in contrast to the above average volume of catastrophe losses experienced in the […]
The World Bank Group has reported that despite its devastating impacts on the global economic system, the COVID-19 pandemic encouraged financial inclusion and also led to increase in digital payments globally. The multilateral financial institution gave this hint on Wednesday in its latest Global Findex 2021 database, noting that the expansion creates new economic opportunities […]