Months after the Federal government banned the distribution and production of Codeine based cough syrups in the country, May & Baker Plc has said that the ban caused it to lose N700 million in annual income as well as loss of raw materials and finished products worth over N350 million.
Briefing journalists in Lagos, weekend, the Managing Director/Chief Executive Officer of the company, Mr. Nnamdi Okafor said most pharmaceutical manufacturers are contending not only with the loss of revenue but funds already invested in finished and raw materials. Okafor who described 2019 as a challenging year, urged the Federal government to help pharmaceutical companies to pay for the drugs and then, sell them under strict monitoring and control. “For the raw materials, we want to be allowed to convert them, if government also wants to take them over and monitor the usage that is also fine. That will be best for us.”
Okafor said currently the company is undergoing a major product portfolio restructuring. “We were compelled in the last two years to discontinue the production of some of our top cash cow brands as a result of age and change in national treatment protocols and policies. “Some of the products involved are our Sulpha-based ranges, the Nivaquines and 221 brands. These products were responsible for over N1.2 billion of our annual revenue in 2017.” Speaking on local vaccine production, Okafor who hinted that their joint venture company, Biovaccines Nigeria Limited was running fully as an independent company said it is currently perfecting plans to actualize vaccine production. He recalled that Nigeria spends close to N8 billion every year to import vaccines into the country. Expressing hope that the company would soon actualise the national dream of local production, he said the company would save lives of Nigerians needlessly loss during outbreaks. “When we start manufacturing locally, we are not going to save N8 billion because the government will still have to pay but there are some other services around the current procurement process and logistics for bringing in vaccines that the government is paying. “For instance, the government pays 6 percent to UNICEF to bring in vaccines into Nigeria, the government spends a lot of money bringing in the vaccines like clearing it at the port etc, that will be substantial savings. There are other technical things around vaccines, by the time Nigeria has a capacity to handle all that, the cost of handling them will be saved. “But above all, Nigeria is going to save lives because sometimes, when you have an epidemic, sometimes the response time is slow if you have to bring in the vaccines from outside
“By the time we have these vaccines produced here, Nigerians will no longer be dying needlessly. African specified antigens, like Ebola, Lassa fever, some of those vaccines are not a priority for western countries. With capacity for vaccines we will be able to tackle epidemics and emergency activities.”
PDP Reacts To Dethronement of Sanusi As Emir of Kano
The Peoples Democratic Party (PDP) has called the dethronement of Emir Muhammad Sanusi II, by the Kano state government a huge political blunder.
The PDP in a statement by its National Publicity Secretary, Kola Ologbondiyan, stated that the timing of the action is worrisome.
The statement read: “The PDP however calls for calm and circumspection from all quarters, especially, given the security and political stability concerns in our nation.”
Recall that the State Government dethroned Muhammad Sanusi II over what it described as disrespect of lawful instructions from Governor Abdullahi Umar Ganduje of Kano State and other lawful authorities.
Just few hours after he was removed, a new Emir, Aminu Ado Bayero, was immediately appointed by the state government as the 15th Emir of Kano to replace Sanusi.
The Peoples Democratic Party further noted the deposition of Emir Muhammad Sanusi II by the Kano state government at a time that the nation is battling worsening insecurity challenges shows the insensitivity and poor appraisal of core national stability issues by the All Progressives Congress (APC) administration.
The PDP, however called for calm and circumspection from all quarters, especially, given the security and political stability concerns in the nation
Women Exchange Blows Over Toilet Roll As Coronavirus Causes Shortage
A video has surfaced online showing the moment three women physically assaulted each other over a pack of toilet rolls as Coronavirus causes shortage.
The incident, according to reports, happened in Australia as citizens of the country are stocking up on supplies just in case the worst happens and it is leading to altercations.
The video shows one of the women with a trolley stacked with packs of toilet rolls in a shopping centre and the other woman wanted only one pack but she wouldn’t agree.
As she also desperately needed some of the scarce product, she insisted to get one at all cost, resulting in an altercation and physical attacks.
The Australian police have charged the women over the fight.
More than 102 000 people have been infected and the death toll keeps increasing by the day.
Former President Obasanjo Speaks On Removal Of Sanusi As Emir of Kano
A former President, Olusegun Obasanjo has broken his silence following the dethronement of Sanusi as the Emir of Kano. Recall that Governor Abdullahi Ganduje-led governement on Monday dethroned Sanusi as Emir of Kano for being disrespectful to lawful authorities.
Reacting, Obasanjo in a statement he personally signed on Monday, said Sanusi’s dethronment was good and bad. According to him, the dethronment is good because Sanusi has paid the price.
The statement, which was shared by Senator Dino Melaye on Twitter reads, “I woke up this morning and after my morning exercise and meeting with my staff, I heard the sad and good news of your removal by the Executive Counicl of the Kano State Government.
“It is sad because it is underserved, it is good because you have paid the price. My prayer is that God should give you the fortitude and the courage to continue in the path that you have chosen for yourself in the best interest of our country and humanity.
“Please accept, Your Royal Highness the assurance of my highest consideration.”
Meanwhile, one of the sons of late Emir of Kano, Ado Bayero, Aminu Ado Bayero was immediatemy named as the 15th Fulani Emir of the state.