Tag: #LocalProduction
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RICE IMPORTS RISE, BUT EXPERTS TELL FARMERS: DON’T QUIT YET
With thousands of farmers facing losses, agriculture experts say the answer isn’t abandoning rice—but fixing what’s broken in the system. Agriculture experts have urged Nigerian rice farmers to keep cultivating despite the recent spike in rice imports, warning that mass exit from production could hurt food security in the long run. Their advice follows a…
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NBRDA AND LA SHIPSON SET TO PRODUCE HIV DRUGS LOCALLY BY 2026
Nigeria’s push for self-reliance advances with homegrown HIV drug manufacturing launch. The National Biotechnology Research and Development Agency (NBRDA) and La Shipson Pharmaceutical Ltd have finalized plans to locally produce HIV drugs by early 2026. Following a recent MoU and a delegation visit, the initiative aims to fill healthcare gaps caused by reduced international aid.…
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U.S. DELAYS TRUMP’S PHARMA TARIFFS, SHIFTS FOCUS TO PRESSURING COMPANIES
Pharma import tariffs postponed as U.S. aims to push manufacturers to build locally or cut prices. The Trump administration has postponed the planned 100% tariffs on branded pharmaceutical imports set for October 1. Instead, officials will prepare tariffs targeting companies that refuse to relocate production to the U.S. or lower drug prices. Originally, firms could…
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NIGERIA POWER SECTOR EXPERTS APPLAUD NEW ELECTRICITY ACT
The Electricity Act promises more power, private investment, and state empowerment. Nigeria’s 65th Independence Day also marks a turning point in the power sector, as stakeholders celebrate the transformative Electricity Act. The Act liberalizes power generation and distribution, empowering states to regulate electricity and encouraging private sector growth, boosting stability and affordability. Industry leaders commend…
