Federal Government dey consider Zero VAT for pharmaceutical products, medical equipment

October 10, 2024

Ministry of Health and Social Welfare don finalise Executive Order wey harmonise implementation framework wey go cancel VAT and excise duties for pharmaceutical products and medical devices. Minister of State for Health and Social Welfare, Dr. Tunji Alausa, talk this one for Abuja yesterday.

E say the new development wey dem don clear for gazetting go help local pharmaceutical manufacturers do their work better and e go reduce the price of important healthcare supplies.

The order go allow Federal Inland Revenue Service and Nigeria Customs Service implement the VAT and excise duties exemptions for healthcare items, and e go reduce the financial wahala wey Nigerians wey dey depend on critical health supplies dey face.

The Minister of State for Health promise say e go send copies of the framework to all the agencies wey suppose act on am quick quick, as dem dey try improve healthcare delivery for the whole Nigeria.

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