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OUTSIDE EKITI! Forex scarcity could soon lead to health crisis –PSN

The Pharmaceutical Society of Nigeria says the lingering foreign exchange scarcity in the country has affected the manufacturing and importation of drugs to the country.



The society says if the Federal Government fails to take measures to tackle the crisis, it could lead to a “national health calamity” among Nigerians.

The PSN stated this in a communique — signed by the society’s President, Mr. Ahmed Yakasai, and its National Secretary, Gbolagade Iyiola — at its second National Council Meeting held recently in Kano State.

The society said after a “painstaking” and “critical appraisal” of the various topical issues affecting pharmacy practice, health matters and other sundry issues, the members of the council resolved to appeal to President Muhammadu Buhari to quickly tackle the forex crisis.




It said, “After a careful evaluation of the impact of the current paucity of forex in the country, which is gradually grinding operations in drug manufacturing and importation outlets to a halt in the days ahead, we appeal to President Muhammadu Buhari to urgently intervene to prevent an impending national calamity which will lead to morbidity and outright mortality of consumers of health in Nigeria.



“The council reasoned that empty warehouses of a plethora of the pharmaceutical companies due to inaccessibility to forex to directly source finished products, active pharmaceutical ingredients and other excipients will naturally breed out of stock syndrome in the inventory of life-saving drugs with obvious consequences in the days and weeks ahead, as most companies will exhaust the leftover stocks from last year.” (Punch)

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