Nigerians decry increase in prices of medications

Nigerians decry increase in prices of medications

Many Nigerians have continued to decry the increasing price of drugs and called for an intervention from the Federal Government.

Residents of the Federal Capital Territory (FCT), who spoke to the News Agency of Nigeria (NAN) in Abuja on Sunday, said the continuous increase in the prices of drugs was no longer sustainable.

NAN reports that the prices of many prescribed and over-the-counter medications have witnessed a steady increase, making these drugs unaffordable and unavailable.

The price increase was heightened by the exit of GlaxoSmithKline Consumer Nigeria Plc in August 2023 and Sanofi pharmaceutical multinational in November 2023 from Nigeria.

In one of the big pharmacies visited by NAN, Augmentin 625mg and 1g are selling for N12,300 and N13,300, respectively, as against N3,000 to N5,000, while Amoxil 500mg is selling for N4,060.

Ventolin inhaler is selling at N8,870 as against N2,000, while Seretide inhaler is selling at N31,950…
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