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Tinubu signs executive order to slash pharmaceutical prices

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President Bola Tinubu has signed an executive order to introduce zero tariffs, excise duties and Value-Added Tax (VAT) on imported pharmaceutical inputs, a statement by the coordinating Minister of Health and Social Welfare, Muhammad Ali Pate has said.

Pate said the order introduced zero tariffs, excise duties, and Value-Added Tax (VAT) on specified machinery, equipment, and raw materials imported for pharmaceutical production.

His words: “In a transformative move to revitalize the Nigerian health sector, His Excellency President Bola Ahmed Tinubu, GCFR @officialABAT, has signed an Executive Order aiming to increase local production of healthcare products (pharmaceuticals, diagnostics, devices such as needles and syringes, biologicals, medical textile, etc.).

“The Minister of Justice and Attorney General of the Federation @FedMinOfJustice, Prince Lateef Olasunkanmi Fagbemi SAN, @LOFagbemi, is to now take the next steps towards codifying the new Order.”

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The Minister noted that the order is crucial to the success of the initiative for unlocking the healthcare value chain (PVAC_NG), which was approved in October 2023 by the president.

“The Order introduces zero tariffs, excise duties and VAT on specified machinery, equipment and raw materials, aiming to reduce production costs and enhance our local manufacturers’ competitiveness,” he said.

“Specified items include Active Pharmaceutical Ingredients (APIs), excipients, other essential raw materials required for manufacturing of crucial health products like drugs, syringes and needles, Long-lasting Insecticidal Nets (LLINs) and Rapid Diagnostic Kits, among others.

“The Order also provides for establishing market shaping mechanisms such as framework contracts and volume guarantees, to encourage local manufacturers.”

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The order, according to the statement  also mandated collaboration among relevant ministries and agencies, including the Nigeria Customs Service (NCS), National Agency for Food and Drug Administration and Control (NAFDAC), Standard Organisation of Nigeria (SON), and Federal Inland Revenue Service (FIRS), to ensure swift implementation and reduce regulatory bottlenecks.

The order, according to Pate, provides market-based incentives to encourage medical industrialization, reduce costs of medical products through import substitution, create and retain economic value, and enable job creation in the healthcare value chain.

The waivers and exemptions will be effective for two years.

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Dangote Group debunks NNPCL’s claim that its refinery sold petrol to it at N898/litre

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***Says, claims misleading, mischievous

By Francesca Hangeior.

 

The Dangote Group has dismissed recent claims attributed to the Nigerian National Petroleum Company Limited spokesperson, Olufemi Soneye, that the company sold Premium Motor Spirit to the NNPC at N898 per litre.

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In a statement, the Group’s Chief Branding and Communications Officer, Anthony Chiejina, labelled the claim as “misleading and mischievous,” stating that it seeks to undermine the company’s recent milestones in addressing Nigeria’s long-standing energy crisis.

According to Chiejina, the statement is aimed at derailing the progress achieved towards alleviating energy insufficiency and insecurity, which have plagued the country for decades.

The statement reads, “Our attention has been drawn to a statement attributed to NNPCL spokesperson, Mr Olufemi Soneye, that we sell our PMS at N898 per litre to the NNPCL.
“This statement is both misleading and mischievous, deliberately aimed at undermining the milestone achievement recorded today, September 15, 2024, towards addressing energy insufficiency and insecurity, which has bedevilled the economy in the past 50 years.
We urge Nigerians to disregard this malicious statement and await a formal announcement on the pricing, by the Technical Sub-Committee on Naira-based crude sales to local refineries, appointed by His Excellency, President Bola Ahmed Tinubu GCFR, which will commence on October 1, 2024, bearing in mind that our current stock of crude was procured in dollars.”

With this action, there will be petrol in every local government area of the country regardless of their remote nature.

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“We assure Nigerians of availability of quality petroleum products and putting an end to the endemic fuel scarcity in the country,” the statement concluded.

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Donald Trump unhurt as gunman fires shots at Golf Course where he was playing

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By Francesca Hangeior.

 

Donald Trump is “safe following gunshots in his vicinity” at his Florida golf course Sunday, his campaign said in a statement.

The former president was playing at Trump International Golf Club in West Palm Beach when shots were fired.

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Officials believe an armed individual intended to target Trump, according to sources briefed on the matter. A car has been stopped in relation to the incident nearby, according to a law enforcement official.

The Secret Service said it is working with the Palm Beach County Sheriff’s Office to investigate a protective incident involving Trump. The Secret Service said the incident occurred shortly before 2 p.m.

President Joe Biden and Vice President Kamala Harris are both “relieved to know” that Trump is safe and have been briefed on the security incident, according to the White House.

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IPOB: Justice Nyako hands-off from Nnamdi Kanu’s trial

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By Francesca Hangeior.

 

Justice Binta Nyako of the Federal High Court in Abuja has withdrawn from the treason trial of the self-acclaimed leader of the separatist group, the Indigenous People of Biafra (IPOB), Nnamdi Kanu.

Justice Nyako announced her withdrawal on Tuesday shortly after Kanu demanded that the judge recuse herself from his trial.

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At the mention of the case on Tuesday, September 24, Kanu’s lawyer, Alloy Ejimakor urged the court to postpone the planned commencement of trial, claiming that his client was denied the opportunity to adequately prepare for his defence.

But, before Ejimakor could conclude his submission, Kanu rose from where he sat in the dock and told his lawyer to sit down.

Kanu told his lawyer: “Sit down! I say you should sit down.” Then, turning to the judge, he said: “My lord, I have no confidence in this court anymore and I ask you to recuse yourself because you did not abide by the decision of the Supreme Court.

“I can understand it if the DSS (Department of State Services) refuse to obey a court order, but for this court to refuse to obey an order of the Supreme Court is regrettable.

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“I am asking you to recuse yourself from this case,” Kanu said.

Prosecuting lawyer, Adegboyega Awomolo (SAN) urged the court to ignore Kanu and proceed with the trial.

Awomolo noted that contrary to Kanu’s claim, the Supreme Court ordered that the defendant (Kanu) should be tried on the seven counts left in the 11 counts contained in the original charge on which he was first arraigned.

He said: “The Justices (of the Supreme Court) ordered this court to proceed with the hearing of the charge against the defendant.

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“My lord, you should not recuse yourself based on this mere observation, which does not have anything to do with the Supreme Court.

“It is an incompetent observation. We urge this court to proceed with the hearing.”

Kanu, again, stood up and held out a document he claimed was the subsisting judgment of the Supreme Court.

Without seeking and obtaining the judge’s permission, Kanu proceeded to read a portion of the document where he said the Supreme Court found that actions of the trial court in the case “rendered the impartiality of the judge suspect.”

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Kanu said: “But my lord, you know that I love you. It is just that this court is allowing the prosecution to railroad me into a trial that is at variance with every provision of the Constitution.”

The defendant then sat down, following which Justice Nyako expressed displeasure about his conduct.

Justice Nyako subsequently announced her decision to withdraw from the case, saying: “I hereby recuse myself and remit the case file back to the Chief Judge.”

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