Content type

Quick View: Nigeria Confronts Soaring Medication Costs As Pharmaceutical Giants Withdraw Amid Inflation Challenges

Pharmaceuticals / Nigeria / Tue 19 Dec, 2023

The Latest: On December 14 2023, Reuters reported that medicines in Nigeria had increased up to 10-times since June 2023, placing a significant strain on the country's healthcare system. The steep rise in prices came after the Nigerian government removed currency controls, which led to a significant devaluation of the naira and subsequent

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Nigeria's Economy Set For Modest Improvement In 2024

Country Risk / Nigeria / Thu 14 Dec, 2023

Key View

  • We forecast that Nigeria's real GDP growth will increase modestly to 2.9% in 2024, up from 2.4% in 2023.
  • The operational start of the Dangote refinery in Q124 will lead to a sharp reduction in imports and increase the country’s trade surplus, providing tailwinds to economic growth.
  • However, domestic demand will remain weak in
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Nigeria's Reform Drive Unlikely To Regain Momentum In 2024

Country Risk / Nigeria / Mon 30 Oct, 2023

Key View

  • Elevated political risk in Nigeria will hinder the rollout of President Bola Tinubu’s reform agenda in 2024, causing the government to fall behind on its fiscal consolidation plans.
  • Nigeria’s security situation is unlikely to improve markedly in 2024 as budget constraints will limit the government’s ability to tackle the root
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Quick View: Nigeria’s Pharmaceutical Sector Calls For Government Intervention To Tackle Counterfeit Drugs

Pharmaceuticals / Nigeria / Tue 24 Oct, 2023

The Latest: On October 21 2023, in a press conference, the Pharmaceutical Society of Nigeria (PSN) urged the government of Nigeria to collaborate with the PSN to tackle the prevalence of counterfeit medicines. During the same press conference, the PSN highlighted that there are over 2mn unregistered pharmacies and 35 open drug markets across

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