“It Is Unfortunate The Pharmaceutical Industry Was Left Out Of The Bailout Programme”, Stella Okoli

Woman of commerce and boss of Emzor Pharmaceuticals, Stella Okoli has called for downward review of bank interest rate to allow industries operating in the country do business in a conducive and competitive markets.

She made the call in a recent chat with societynow.

The pharmacist and Board Member of the newly constituted Nigerian Industrial Policy and Competitiveness Advisory Council, said interest paid on loan in Nigeria can send one out of business.
She equally said the pharmaceutical industry, where she a major player, was in need of urgent government intervention, as it required injection of billions of naira.

“it is unfortunate that the previous administration in the country left out the pharmaceutical industry out in its bailout programme”, she disclosed.

She revealed that the N30billion promised the pharmaceutical sector during Jonathan administration was never released.
She, however, pleaded with the President Muhammadu Buhari-led administration to come to the aid of the sector she operates in order to put it on the right pedestal, create more jobs and meet up in the area of required vaccines in the country.

While discouraging the habit of Nigerians seeking medical attention oversees Okoli also urged the federal government to put the needed funds in its hospitals.

She equally begged Lagos State Government to see to issue of multiple taxation, stressing that the tax regime is “killing” and taking its toll on the industry.