Group Managing Director (GMD) Drugfield Pharmacy, Ogun, State, Olakunle Ekundayo, has charged government to make good policies so as to create enabling environment for pharmaceutical companies to thrive in Nigeria.

He pointed out that despite its large population, Nigeria imports 70 percent of its drug needs from countries like India, China, Germany, the United States, Pakistan, and Netherlands, spending billions of naira in the process.

Ekundayo made this known at the neo-presol product relaunch, a bodycare lotion, asking the Federal Government to review import duties on raw materials for the production of drugs in the country.

He expressed dismay that prices of drugs have gone up as a result of the currency issue, noting that if nothing is done urgently, it could unleash hardship on the people before long.

Ekundayo noted that the last few years have been very difficult for operator in the pharmaceutical sector starting with COVID-19 pandemic.