Afrexim Bank issues US$400k grant to boost pharmaceutical manufacture in Nigeria

NIGERIA – African Export-Import Bank (Afreximbank) has awarded US$400,000 in grant funding to the National Institute for Pharmaceutical Research and Development (NIPRD) of Nigeria for the establishment of an Active Pharmaceutical Ingredient (API) plant. The grant represents a significant proportion of the estimated funds required to implement the project. Pharmaceutical Manufacturing Companies in Africa rely heavily on the importation of…

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