By
Micheal Chukwuebuka, Reporting
A Chieftain of the All Progressives Congress (APC) in Osun, has appealed to President Bola Ahmed Tinubu to intervene in the recent hike in price of essential drugs in the country.
The former lawmaker, Olatunbosun Oyintiloye, on Sunday Dec. 17, 2023, made the appeal while speaking with reporters in Osogbo.
Oyintiloye said many Nigerians were currently unable to access most essential medical supplies due to the extremely high prices.
“When the local currency weakens against foreign currencies, the expenses incurred in procuring these essential medical supplies rise, consequently driving up the overall prices of medicines in the country.
“The scarcity or limited availability of foreign exchange exacerbates as a ripple effort, forcing manufacturers to compensate by increasing the price of medicines to cover their higher operational costs,” he said.
The APC Chieftain also commended the efforts of President Bola Ahmed Tinubu in repositioning the economy, adding that there was an urgent need to redouble efforts in the health sector.
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