Group Managing Director (GMD) of Emzor Pharmaceutical Industries Limited, Dr. Stella Okoli has recently called on government to empower local manufacturers in the country by availing funds to them as at when due.
Speaking in Lagos at the 30 years anniversary celebration of it’s flagship brand, Emzor Paracetamol, she said local manufacturers are the engine of growth in every economy and government needs to create an enabling environment for them to operate.
Okoli while unveiling the special anniversary park for the celebration noted that for Nigeria’s economy to recover from recession, local manufacturers should be empowered to meet the country’s commercial necessities as well as identify needs of other nations for export purposes.
She cited that manufacturing countries of the world do not go into recession because they meet needs of their people locally as well as export to other nations. “We must encourage our own local manufacturers to attain this,” she added.
“The current forex situation has made our suppliers think less of us as a country and that is not good enough,” Okoli remarked.
She advanced that for government to tackle the situation, a percentage of forex ought to be given to manufacturers, though with a close monitoring mechanism. Underlining the major challenge encountered by local pharmaceutical industries was Emzor’s National Sales Manager, Pharm. Folorunso Alaran who said, it is cost effective to import drug than produce them locally due to the country’s chaotic drug distribution system which is not the best.”
He explained, “people in the open market import drugs at cheaper and duty free rates, as compared to local manufacturers who import raw materials for production at high cost.”
Alaran pointed out that the situation has created an uneven playground for local producers who are rather the nation’s employers of labour.He however appealed to the government to look into the sourcing of pharmaceutical raw materials to boost production of more indigenous industries.
Reassuring Nigerians of an affordable wellbeing, which Emzor terms “Wellocracy” Alaran said, there are Emzor distributors’ associations in different markets who engage in strict surveillance to curb circulation of fake and substandard products in the system.
“One would hardly find fakes, and that is why the market is never dry of Emzor paracetamol,” he stated. Okoli said, Emzor in the past 30 years have produced over a 100 products and hopes to take care of all products needed for Nigerian illnesses in 20 years to come.
Emzor Pharmaceutical Industries Limited is a private indigenous pharmaceutical manufacturing group founded in 1984 by Dr. Stella Okoli. The company is into the manufacture of pharmaceutical products and medical consumables. Its holding company, Emzor Chemists Limited opened for retail business in 1977 in Lagos.
Speaking in Lagos at the 30 years anniversary celebration of it’s flagship brand, Emzor Paracetamol, she said local manufacturers are the engine of growth in every economy and government needs to create an enabling environment for them to operate.
Okoli while unveiling the special anniversary park for the celebration noted that for Nigeria’s economy to recover from recession, local manufacturers should be empowered to meet the country’s commercial necessities as well as identify needs of other nations for export purposes.
She cited that manufacturing countries of the world do not go into recession because they meet needs of their people locally as well as export to other nations. “We must encourage our own local manufacturers to attain this,” she added.
“The current forex situation has made our suppliers think less of us as a country and that is not good enough,” Okoli remarked.
She advanced that for government to tackle the situation, a percentage of forex ought to be given to manufacturers, though with a close monitoring mechanism. Underlining the major challenge encountered by local pharmaceutical industries was Emzor’s National Sales Manager, Pharm. Folorunso Alaran who said, it is cost effective to import drug than produce them locally due to the country’s chaotic drug distribution system which is not the best.”
He explained, “people in the open market import drugs at cheaper and duty free rates, as compared to local manufacturers who import raw materials for production at high cost.”
Alaran pointed out that the situation has created an uneven playground for local producers who are rather the nation’s employers of labour.He however appealed to the government to look into the sourcing of pharmaceutical raw materials to boost production of more indigenous industries.
Reassuring Nigerians of an affordable wellbeing, which Emzor terms “Wellocracy” Alaran said, there are Emzor distributors’ associations in different markets who engage in strict surveillance to curb circulation of fake and substandard products in the system.
“One would hardly find fakes, and that is why the market is never dry of Emzor paracetamol,” he stated. Okoli said, Emzor in the past 30 years have produced over a 100 products and hopes to take care of all products needed for Nigerian illnesses in 20 years to come.
Emzor Pharmaceutical Industries Limited is a private indigenous pharmaceutical manufacturing group founded in 1984 by Dr. Stella Okoli. The company is into the manufacture of pharmaceutical products and medical consumables. Its holding company, Emzor Chemists Limited opened for retail business in 1977 in Lagos.
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