
Zero VAT Policy on Drugs: Endless Wait for Crash of Prohibitive Prices, Pains Get Awful
The Federal Government of Nigeria’s decision to implement a zero Value Added Tax (VAT) on pharmaceutical products and medical devices was widely celebrated as a game-changer, aimed at reducing drug prices and easing financial pressures on Nigerians. The government set aside 150 days for the realization of the policy by offering zero import duty on…