Eswatini Financial Times

Nigerian patients feel pain of soaring drug prices

- By Vining Ogu

Lagos — When Sodiq Ajibade emerged from a Lagos pharmacy holding asthma medication, one drug on his prescripti­on was missing because he did not have the money to buy it.

The price of some medicines has risen almost tenfold in Nigeria in the past few months, forcing patients like Ajibade to cut his dose or turn to traditiona­l alternativ­es.

Pharmaceut­ical industry officials said the plunge in the value of the naira after the removal of currency controls in June has sent prices of new stocks rocketing.

British drug maker GSK is moving from GSK-controlled local operating companies in Nigeria to a third-party direct distributi­on model. Some industry officials said this was also adding to woes, which GSK denied.

“I used to buy three medicines prescribed to me but now I have reduced to two, that is penicillin and aminophyll­ine,” said Ajibade.

Research firm Statista says only 3% of Nigerians have health insurance, meaning patients must find the money themselves to buy medication.

Nigeria’s health ministry and National Agency for Food and Drug Administra­tion and Control did not respond to requests for comment.

A GSK spokespers­on said foreign currency shortages had affected GSK’s ability to maintain consistent supply of medicines and vaccines in the market, leading to stockouts.

“The price increases we are seeing in Nigeria are not as a result of the decision to change the business model, and we regret that market forces outside our control have impacted the price of remaining stock in the market,” spokespers­on said.

Cyril Usifoh, president of the the

Pharmaceut­ical Society of Nigeria said most drugs were imported while local makers relied on imports for the pharmaceut­ical ingredient­s to produce medicines.

The naira has lost half its value since June, raising prices of everything from pain killers to drugs for chronic disease.

A Seretide asthma inhaler manufactur­ed by GSK, for example, cost up to 8,000 naira ($9.42) in April but now retails for up to 70,000 naira. Antibiotic­s like augmentin cost as much as 25,000 naira, up from 4,500 naira in July.

“I am particular­ly worried about things like cancer drugs, anti-hypertensi­ve drugs, diabetic drugs. The price has been astronomic­al,” said Usifoh.

“If you have two, three drugs on your prescripti­on you may find that you don’t have enough money to buy all of them.”

Faced with such high costs, 43-year-old Kano farmer Ubaidullah Nuhu Yusuf said he was resorting to traditiona­l cures.

“By boiling guava and pawpaw leaves .. and inhaling the steam, this has proven effective to curing malaria and typhoid since affording an injection and buying the drugs is a problem,” he said. —

 ?? ?? ▲A man who suffers from bouts of asthma attacks, displays pills of his medication in his home in Lagos, Nigeria.
▲A man who suffers from bouts of asthma attacks, displays pills of his medication in his home in Lagos, Nigeria.
 ?? ?? ▲The offices of Fitch Ratings building appears empty in Canary Wharf, London, Britain.
▲The offices of Fitch Ratings building appears empty in Canary Wharf, London, Britain.

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