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High drug cost: Oyintiloye begs Tinubu for urgent intervene

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An urgent plea has been directed to President Bola Tinubu to intervene promptly in the surge in the prices of essential drugs across the country. Olatunbosun Oyintiloye, a notable member of the All Progressives Congress (APC) in Osun, conveyed this appeal during a conversation with journalists in Osogbo on Sunday.

Oyintiloye emphasized that a significant number of Nigerians were currently unable to afford essential drugs due to exorbitant prices. He attributed the escalating costs to various factors, including the withdrawal of GSK, a major pharmaceutical industry player, high inflation rates, and the devaluation of the Naira, among other influences.

The APC chieftain highlighted that these factors collectively contributed to rendering drugs such as amlodipine, augmentin, paracetamol, exforge, Coartem, and other vital medications financially out of reach for the average citizen. He pointed to a report from the National Bureau of Statistics (NBS) revealing a 68% increase in the value of imported medicines to Nigeria, reaching N81.8 billion between July and September 2023.

Oyintiloye commended President Tinubu’s efforts in revitalizing the economy but stressed the urgent need to intensify actions in the health sector. He expressed concern about the financial strain on individuals and families grappling with the harsh economic conditions, particularly those dealing with chronic diseases like hypertension, diabetes, and tuberculosis.

In proposing solutions, Oyintiloye suggested addressing forex challenges, eliminating duty taxes on medications, promoting local production, and fostering a more favorable environment for pharmaceutical companies. He also acknowledged the efforts of the Minister of Health and Social Welfare, Prof. Mohammed Pate, in engaging with representatives and CEOs of pharmaceutical firms to seek resolutions.

While commending Pate’s assurance that the federal government was working on policy measures to alleviate the high prices of medicines, especially for vulnerable Nigerians, Oyintiloye emphasized the critical importance of prompt and effective interventions to prevent an increase in the death rate in the country.

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‘You’re responsible for Nigeria’s economic woes’— Atiku tackles Tinubu

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Atiku Abubakar, the Peoples Democratic Party (PDP) candidate in the 2023 general election, attributed Nigeria’s economic challenges to President Bola Ahmed Tinubu.

In a statement shared on his official social media account on Sunday, the former Vice President of Nigeria urged Tinubu to take cues from Argentina’s President Javier Milei on swiftly restoring investor confidence despite inheriting a troubled economy.

Atiku criticized Tinubu for deflecting blame onto the opposition and his predecessors, calling such actions unnecessary and shortsighted. He emphasized that market dynamics respond to concrete actions, not political rhetoric.

Drawing parallels with President Milei’s leadership in Argentina, Atiku highlighted the need for well-sequenced economic reforms. He commended Milei’s proactive approach in preparing for the post-reform challenges and ensuring the availability of mitigating measures.

Atiku contrasted Tinubu’s administration’s ad hoc and hurried reforms with Milei’s strategic sequencing. He pointed out Argentina’s lean government structure achieved through reducing ministries and privatizing state-owned enterprises, contrasting it with Nigeria’s expanding bureaucracy and excessive spending on official residences.

Atiku likened Tinubu’s administration’s approach to Nero fiddling while Rome burns, accusing him of evading substantive action and blaming the opposition for policy failures, reminiscent of characters in George Orwell’s Animal Farm.

Expressing admiration for Argentina’s reforms, Atiku suggested aligning his “Recover Nigeria Plan” with Milei’s stabilization strategy to alleviate Nigeria’s economic distress. He emphasized the need for transparent policies focused on economic revival and warned against dismissing discontent, particularly among the youth, which could manifest in protests.

The statement referred to the worsening economic conditions in Nigeria, highlighted by soaring inflation rates and high living costs, as reported by the National Bureau of Statistics, with headline inflation reaching 29.90% and food inflation at 35.42% in January 2024.

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BREAKING: Fire guts FCT Minister’s residence

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A fire broke out at the private residence of Dr. Mariya Mahmoud, the Minister of State in the Federal Capital Territory Administration (FCTA), on Sunday afternoon.

Situated at No. 9, Justice Roseline Ukeji Close in the affluent Asokoro district of Abuja, the property was reportedly completely destroyed by the blaze.

Despite prompt emergency response efforts, including the arrival of fire service personnel, nothing could be salvaged from the premises.

Mr. Austin Elemue, the Minister’s Special Adviser on Media, confirmed the incident, indicating that the cause of the fire remained unknown at the time.

Authorities have initiated an investigation to ascertain the cause of the fire.

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PHOTO: Gov Makinde Host Nigeria Police Games

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1: Oyo State Governor, Seyi Makinde (left) and Inspector General of Police, Olukayode Egbetokun, during the opening ceremony of the 14th Biennial Nigeria Police Games, host by Oyo State Government, held at Adamasigba Stadium, Ibadan. PHOTO: Oyo Gov’s Media Unit.

2: From left, Deputy Governor of Oyo State, Barr Bayo Lawal; Governor Seyi Makinde; Inspector General of Police, Olukayode Egbetokun and his wife Elizabeth, during the opening ceremony of the 14th Biennial Nigeria Police Games, host by Oyo State Government, held at Adamasigba Stadium, Ibadan. PHOTO: Oyo Gov’s Media Unit.

3: Oyo State Governor, Seyi Makinde (left) take a salute from the Police Mascots, during the opening ceremony of the 14th Biennial Nigeria Police Games, host by Oyo State Government, held at Adamasigba Stadium, Ibadan. PHOTO: Oyo Gov’s Media Unit.

CREDIT: Oyo Gov Media 

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