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Chinese pharmaceutical firms explore Nigeria

Leading Chinese pharmaceutical firms are
in Nigeria to explore chances of forging cooperation with local partners
on ways of doing sustainable business in Nigeria.
The Chinese delegation was led by Tan
Shengcai, Secretary General of the China Chamber of Commerce for Import
and Export of Medicines and Health Products (CCCMHPIE).
They attended a forum in Lagos, Nigeria’s
economic hub, to acquaint themselves with the market potential of the
West African country.
The visit provide the delegation an
opportunity to meet Nigerian counterparts to work on ways of doing
business, Tan told the China-Nigeria Pharmaceutical Trade and Investment
Forum.
The delegation also visited the Lekki
Free Trade Zone, a brainchild of China-Nigeria industrial cooperation,
located to the east of Lagos city.
Moji Adeyeye, director general of the
National Agency for Food and Drug Administration and Control (NAFDAC),
told forum that China has demonstrated huge capacity to help Nigeria
grow its pharmaceutical industry.
She urged the Chinese pharmaceutical sector to partner with Nigeria and its relevant institutions on research and development.
“I was in China recently where I raised
this concern and I am glad this is happening now. We need more of
capacity-building and research and development in several areas of
pharmacy and I hope this forum will give birth to some,”
she said.
Speaking on the forum, Liu Junsheng,
Chinese commercial consul in Lagos, said Nigeria has a huge market for
pharmaceutical products, noting that 80 per cent of medicine are
imported, mainly from India, China and Europe.
“I am glad to see that an increasing
number of local pharmaceutical-related companies start to seek
cooperation with Chinese counterparts, especially in the area of
pharmaceutical materials,” he said.
The forum will make better contributions to the well-being of the people of both countries, Liu added.

Source: The Nigerian Voice
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