Local drug manufacturing will boost Nigeria’s currency – DG

Prof. Abdullahi Mustapha, Director General (DG) of National Biotechnology Development Agency (NABDA), said that when pharmaceutical companies start local manufacturing of drugs, the strength of the naira will increase.

Mustapha said this at a press briefing on the significance of the NABDA 2022 Establishment Act to national development in Abuja on Thursday.

He disclosed that NABDA recently formalized partnership with the government of Cuba to promote joint research in tissue culture, drug and vaccine manufacturing.

According to him, biotechnology is an accelerator of inclusive national growth, providing a knowledge-based approach to solving public problems and ensuring future sustainability.

He said the passage of the Act would catalse the stimulation of rapid commercialization of biotechnology research and development products and afford the agency a platform for collaboration.

He noted that the passage of the Act is a testament to Nigeria’s readiness to harness cutting-edge technologies for sustainable development, particularly those that guarantee better life for all Nigerians.