FG’s removal of tariffs, duties, VAT on pharmaceutical inputs

President Bola Tinubu’s move to check the unprecedented increase in prices of medicines in the country through an executive order to introduce zero tariffs, excise duties and Value Added Tax (VAT) on imported pharmaceutical inputs is commendable. That is the immediate antidote to the undesirable and dangerous situation in which Nigerians have found themselves. Before the President’s intervention, some stakeholders had started warning against national health crisis being precipitated by the hike in the prices of drugs, urging the Federal Government to return to the pre-2015 era of zero duty on importation of medicines. Indeed, life is becoming increasingly unlivable

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