President Tinubu Acts To Stop The Departure Of Manufacturing Firms

President Bola Ahmed Tinubu 

Gives Industry Sustainability Priority 

Tinubu will issue an executive order to halt manufacturing companies from leaving the nation altogether because of the “hostile” business environment.

The Ministry of Industry, Trade and Investment and the Ministry of Health and Social Welfare are working together to prepare an executive order that will address the nation's manufacturing sector's problems in a comprehensive and long-lasting way. The order will include quick fixes, realistic solutions, and medium- and long-term solutions.

The measures might also call for a decrease in or a complete prohibition on the importation of needles and syringes into the nation.

According to Tunji Alausa, the minister of state for health and social welfare, a deal was reached to lower the price of pharmaceuticals and medical supplies in the nation in response to a directive from the president.

The Executive Order issued by President Tinubu to Counter the Manufacturing Exodus

President Bola Tinubu is preparing to announce an Executive Order that will stop the manufacturing companies from leaving the nation. The reason for the order is that the operating environment is allegedly hostile.

All-inclusive Remedies for Manufacturing Difficulties

The upcoming executive order, which was co-authored by the Ministry of Health and Social Welfare and the Ministry of Industry, Trade and Investment, will address the issues facing the manufacturing sector in a lasting and efficient manner. It will include doable fixes, quick wins, and medium- and long-term plans.

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Interestingly, actions to possibly curtail or completely prohibit the importation of needles and syringes may be included.

Key Issues Are Discussed at a Ministerial Meeting

Talks with medical syringe and needle manufacturers in Abuja were held by Dr. Doris Uzoka-Anite, Minister of Industry, Trade and Investment, and Minister of State for Health and Social Welfare, Tunji Alausa.

Alausa expressed happiness with the meeting's results and emphasized the president's directive to lower the cost of pharmaceuticals and medical supplies.

Quotes from the Ministers' Statements

Minister Alausa said, “We just had a very good meeting with the needle and syringes manufacturers in Nigeria - the five companies that are still operating today.”

He emphasized that the upcoming executive order includes short-, medium-, and long-term solutions.

“The meeting today is one of those in which after deliberations, we have been able to remove the bottlenecks affecting the needles and syringe industry,” Minister Uzoka-Anite said, reiterating the president's commitment to removing obstacles to industrialization.

She highlighted the ease with which policy changes needed to address manufacturing challenges could be made, and she assured manufacturers of prompt policy responses.

The mandate and assurance from the government to manufacturers

The president gave Minister Uzoka-Anite a larger government mandate to address issues in all manufacturing segments.

She gave manufacturers confidence that legislative changes would be made quickly to guarantee more public access to reasonably priced, high-quality medications.