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Nigerian Pharmacists Sound Alarm Over Exchange Rate Instability’s Threat To Pharmaceutical Sector

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Nigerian Pharmacists Sound Alarm Over Exchange Rate Instability’s Threat To Pharmaceutical Sector....KINDLY READ THE FULL STORY HERE▶

In the heart of Ibadan, Nigeria, a group of concerned pharmacists gathered for a roundtable discussion, their faces etched with worry as they deliberated on the looming crisis facing the pharmaceutical sector….READ ALSO

 

Led by the Association of Community Pharmacists of Nigeria (ACPN), the event centered on the dire consequences of the country’s unstable exchange rate on the availability and affordability of essential medicines.

As the discussion unfolded, it became increasingly evident that the fall of the naira had cast a dark shadow over the pharmaceutical landscape. With each fluctuation in the exchange rate, the prices of medical products soared, making them increasingly out of reach for ordinary citizens. The pharmacists shared stories of patients struggling to afford life-saving medications, painting a grim picture of the healthcare system on the brink of collapse.

Adebayo Gbadamosi, the Chairman of ACPN in Oyo State, articulated the gravity of the situation, emphasizing that the high cost of pharmaceuticals posed a significant threat to public health. He stressed the urgent need for the government to intervene and stabilize the exchange rate before irreparable damage was done to the sector.

Pharmacist Taofik Odukoya echoed these sentiments, highlighting the ripple effect of inflation caused by exchange rate instability. With prices fluctuating unpredictably, pharmacies grappled with the challenge of maintaining affordable healthcare for their communities.

Sam Ebuka Ejiofor, another pharmacist, lamented the relentless increase in drug prices, attributing it directly to the fall of the naira. His words underscored the profound impact of economic instability on every facet of the pharmaceutical supply chain, from manufacturers to distributors to end-users.

Amidu Rahmon shared a chilling revelation, recounting the chaos that ensued within the pharmacy business due to exchange rate fluctuations. With suppliers altering prices multiple times a day, uncertainty became the new norm, leaving pharmacists scrambling to adapt to an increasingly volatile market.

In the face of such adversity, the consensus among the pharmacists was clear: urgent action was needed to stabilize the exchange rate and safeguard the pharmaceutical sector. They called upon the government to prioritize this critical issue, emphasizing that the health and well-being of the Nigerian people depended on it.

As the roundtable drew to a close, the pharmacists left with a renewed sense of purpose, determined to advocate for change and ensure that essential medicines remained accessible to all. Their voices joined in chorus, a powerful reminder of the resilience and dedication that defined their profession in the face of adversity.

 

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‘Atiku Won’t Pick Senate President’ – Dino Melaye Declares.

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The Deputy Director-General of the African Democratic Congress (ADC) Presidential Campaign Council, Dino Melaye, has pledged that an administration led by the party’s presidential candidate, Atiku Abubakar, would not interfere in the selection of the Senate President or Speaker of the House of Representatives if elected.....KINDLY READ THE FULL STORY HERE▶

Melaye made the declaration during an appearance on Arise Television, where he said the ADC would allow lawmakers to elect their leaders independently.

He maintained that the party was committed to democratic principles and an independent National Assembly.

“To start with, an Atiku presidency will not determine who is going to be the Senate president, the president of the Senate, or the Speaker of the House of Representatives.

“Atiku is a Democrat. ADC is a very democratic political party. So we are going to allow the people to elect their leaders,” he said.

Melaye argued that allowing lawmakers to choose their leaders would promote legislative independence and strengthen the National Assembly’s oversight of the executive arm of government.

He said an independent legislature would be better positioned to scrutinise government activities and hold the executive accountable.

“And I told you that wherever you have the members electing their leaders, there is some modicum of independence.

“So to start with, the ADC will make sure that the National Assembly is truly independent, and if the National Assembly is truly independent, that will drive their oversight functions over the Executive,” he said.

Speaking on how government spending would be monitored, the ADC campaign official said relevant National Assembly committees would be empowered to question government officials and examine public expenditure.

He specifically mentioned the Committees on Establishment, Finance, and Budget and Planning as possible channels for investigating government spending and ensuring accountability.

“The Committee on Establishment is responsible for questioning this type of spenders because they have direct oversight function over the State House. The committee on finance is there. The committee on budget and planning is there,” Melaye said.

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Near-Death Experience: Cubana Chief Priest Speaks Out After Surviving Terrifying Flight Incident.

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Nigerian socialite and nightlife promoter Paschal Okechukwu, popularly known as Cubana Chief Priest, has expressed gratitude to God after surviving a frightening experience during a recent flight.....KINDLY READ THE FULL STORY HERE▶

The businessman disclosed that he encountered the worst air turbulence he had ever experienced while travelling by plane.

In a post shared on his Instagram Story, Cubana Chief Priest revealed that the aircraft shook violently, leaving him terrified and fearing that he might not survive the journey.

He explained that the experience was so disturbing that he thought his life was about to end.

The socialite also admitted that the incident left him shaken, as he struggled to overcome the fear he experienced while the aircraft battled the turbulence.

He said: “Experienced the craziest turbulence ever in my life, I still can’t feel my heart I thought it was over, Thank God for journey mercies.”

In another development, Cubana Chief Priest has called on President Bola Tinubu to sack the Minister of Works, David Umahi.

The socialite described Umahi as one of the worst ministers the South-East had produced, arguing that the region had little to show for having one of its own in charge of the Ministry of Works.

He also criticised another minister from Imo State, whom he described as the worst minister the region had ever had.

According to Chief Priest, the ministers have failed to create visible opportunities for the Igbo people despite occupying important positions in the Federal Government.

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AFCON Showdown: Tanzania Set To Arrive In Uyo Ahead Of Super Eagles Clash.

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Tanzania’s national team, the Taifa Stars, are expected to arrive in Uyo on Sunday as they step up preparations for their 2027 Africa Cup of Nations (AFCON) qualifying encounter against Nigeria’s Super Eagles.....KINDLY READ THE FULL STORY HERE▶

According to The Citizen, the early arrival will give head coach Miguel Gamondi sufficient time to prepare his players for the Matchday Three fixture scheduled to take place at the Godswill Akpabio International Stadium.

Gamondi has selected a 24-man squad for the double-header against Nigeria. Tanzanian Premier League champions Yanga FC and Azam FC have the highest representation, with five players each.

Kagera Sugar and Singida Black Stars have one player apiece in the squad.

The foreign-based players include Novatus Miroshi of Turkish Super Lig club Goztepe, Cyprian Kachewele of Ukrainian side Kryvbas and Bernard Kamongo, who plays for Major League Soccer outfit FC Dallas.

The Taifa Stars will be seeking their first victory in the qualifying campaign after failing to win either of their opening two matches.

Tanzania began their campaign with a 2-0 defeat to Guinea-Bissau before playing out a 1-1 draw against Madagascar in their second fixture.

Nigeria will host the first leg in Uyo on Friday, November 13, before both countries meet again in Dar es Salaam for the return fixture on Tuesday, November 17.

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