It appears that the gains made in the fight against fake drugs have already been reversed.

If not, how would you explain this startling revelation made by Financial Services Advisory Leader and Chief Economist, Project Blue PwC Nigeria, Dr. Andrew Nevin?

Nevin claims that at least 70% of pharmaceutical products circulating in Nigeria are fake.

He stated this in his keynote address at the opening of the 90th Annual National Conference of the Pharmaceutical Society of Nigeria (PSN) in Umuahia, the Abia state capital.

According to him, Africa records at least 100,000 deaths, arising from fake drug-related ailments, annually.

He, therefore, underscored the need for the Federal Government, National Agency for Foods and Drugs Administration and Control (NAFDAC) and other relevant agencies to intensify the war against fake and counterfeit drugs in the country.

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“This will go a long way in reducing the harmful effects of the menace on the citizenry and the nation’s economy,” he said.

Nevin expressed delight that Nigeria had achieved “significant progress” in reducing sexually transmitted diseases.

In his speech to declare the week-long event open, Gov. Okezie Ikpeazu, also tasked NAFDAC to check the perceived abuse in the certification of traditional medicines.

Ikpeazu called on the agency to withdraw “its stamp of authority from all producers of herbal medicines that it cannot vouch for their efficacy.

“I am worried at the use of herbal drugs. NAFDAC has not helped matters also.

“It is amazing to see different concoctions with label from NAFDAC and to an average Nigerian, once you see NAFDAC number on a product, it means a seal of authority,” Ikpeazu said.

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