Nigeria, July 11 -- As Nigeria seeks to secure its medicine supply and reduce dependence on imports, the pharmaceutical industry is targeting a tenfold expansion, projecting growth from an estimated $2 billion to $10 billion within the next five years.

This ambition, driven by investments in local drug production, was disclosed by the Association of Community Pharmacists of Nigeria (ACPN) ahead of its 44th Annual National Conference.

Speaking on the future of the industry, ACPN National Chairman, Ambrose Ezeh, revealed that local pharmaceutical manufacturers and prominent Nigerian investors are constructing Active Pharmaceutical Ingredient (API) plants.

"I can confirm to you that local pharma manufacturers, including prominent Nigerian...