FG to review local industries’ tariff structure – VP Osinbajo

FG to review local industries’ tariff structure – VP Osinbajo

The Federal Government will review existing tariffs structure to remove impediments inhibiting the growth of local industries, the Vice President, Prof Yemi Osinbajo, has said. Osinbajo said the high tariffs imposed on local products are not encouraging growth, adding that the government is working towards restructuring the current tariff structure to discourage the importation of products.

Osinbajo, represented by the Minister of Health, Prof Isaac Adewole, while declaring open the 89th annual National Conference of the Pharmaceutical Society of Nigeria (PSN) in Minna, yesterday, said the Federal Government recognised the importance of the health sector and is committed to expanding the sector by encouraging the growth of pharmaceutical industries in the country.

“The role of pharmacists is very vital and critical to the development of Nigeria, they are an indispensable link. The PSN has contributed its quota to the development of Nigeria; they have contributed to the increase of quality healthcare in the country,” Osinbajo said. Read more

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