Rising Inflation And Import Costs Squeeze Nigerian Households
Rising costs for energy and fuel are driving up pharmaceutical prices in Nigeria. This practice forces patients to bear the brunt of the current healthcare crisis. The source noted that businesses attempt to recoup money spent on procuring medications. Business owners are reportedly attempting to build increased costs into product prices to avoid losses. This trend has also resulted in a slowdown in business volume compared to previous periods. International trading issues and concerns regarding potential supply disruptions from the Iran War are driving up drug prices. Pharmacies are reporting costs that significantly exceed the government-agreed reimbursement tariff rates. The government is reportedly using price concessions to address these discrepancies.
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Sources · 7 independent
“the people are suffering the effects of the war in the Middle East, because most of the medications, the pharmaceuticals are imported from outside in Nigeria, and then because of the rising costs in energy, fuel, and what have you, the cost of the for sickers have gone on.”
“pharmaceuticals are imported from outside in Nigeria, And then because of the... in the medical medicine for their daily survival and finding it difficult to afford this medicine.”
“The cost is there, but even the ones that are available, the costs are now higher. So the ordinary people are feeling the pain.”
“cost of the pharmaceuticals have gone up. And now ordinary people who... you know the cost are now higher so that the people are feeling the pain.”
“stockout is there, but even the ones that are available, you know, the costs are now higher. So ordinary people are feeling the pain.”
“to continue to sustain, getting their medications so that they can live.”
“the cost of the vesicles have gone up. And now the ordinary people who depend on these medical medicines for their daily survival are now finding it difficult to afford this medicine.”
“the most important thing is that where the pharmaceuticals are available is now for them to be able to afford so some are”
“Some facts in their situations may not be able to have... just pray that they will be able to continue to sustain, getting their medication so that they can live. But definitely it is affecting seriously.”
“the most important thing is that where the pharmaceuticals are available is now for them to be able to afford.”
“the most important thing is that where the pharmaceuticals are available is now for them to be able to afford. So some are resorting to calling their relatives from abroad”
“it is impacting heavily because everything of these goods and what have you have gone on. So, but the thing there for all business people is always to find ways to.”
“you will not want to lose when you must have gone out of your way to provide these medications, so you must recoup your money. So eventually you pass on this to the final consumer, which are the patients.”
“the thing there for all business people is always to find ways to still build this cost into the price of the products, which eventually is why I said the consumers or the patients are the people who bear the brunt of the whole of this crisis.”
“Because as a business person, you will not want to lose when you must have gone out of your way to provide these medications so you must recoup your money. So eventually you pass on this to the final consumer, which are the patients.”
“the prices have gone up for many drugs. Now what happens is that as well as international trading problems generally, there are worries that the Iran War will cause even worse supply problems.”
“you will not want to lose when you must have gone out of your way to provide these medications, so you must recoup your money. So eventually you pass on this to the final consumer, which are the patients.”
“There are now a record number more than 200 we discovered last night on this list. But pharmacies are saying there's still not enough reimbursement and in some cases they're saying we just can't afford to buy the stock.”
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