Zero tariffs, excise duties, VAT on imported pharmaceuticals, as Tinubu signs executive order to slash pharmaceutical prices

President Bola Tinubu has signed an executive order to introduce zero tariffs, excise duties and Value-Added Tax (VAT) on imported pharmaceutical inputs, a statement by the coordinating Minister of Health and Social Welfare, Muhammad Ali Pate has said. Pate said the order introduced zero tariffs, excise duties, and Value-Added Tax (VAT) on specified machinery, equipment, … [Read more…]