Pharmaceutical Sector Market Report

Nigeria Manufacturing Expo 2017 is endorsed and supported by the Pharmaceutical Manufacturers Group of Manufacturers Association of Nigeria
(PMGMAN).
The Pharmaceutical Manufacturers Group of Manufacturers Association of Nigeria (PMGMAN) will participate in the Nigeria Manufacturing Expo and co-located
mPAD Forum (Manufacturing Partnerships for African Development). All PMGMAN members are invited to become involved in and attend the mPAD & Nigeria
Manufacturing Expo 2017.

Pharmaceutical Market Snapshot

Nigeria is one of the most promising and rapidly growing pharmaceutical markets in West Africa with more than 150 pharma formulation manufacturing
facilities. The Nigerian pharma industry is growing at 13 % annually. The estimated market size is $1.8bn. In the ECOWAS (Economic Community of West African
States) West Africa sub-region approx. 60% of drug manufacturing takes place in Nigeria, underlining the huge sub regional market.

 The Federal Government of Nigeria are incentivising Nigerian drug manufacturers with tax holidays to support extra investment for quality upgrades and
new factories.
 Nigeria’s pharmaceutical manufacturing sector has remained focused on the growth and expansion of drug manufacturing within the country. The sector
has invested $300 billion in machinery and quality upgrades as a way to end drug importation.
 PMGMAN on September 2015 announced four Nigerian drug manufacturers had met the World Health Organisation’s (WHO) requirements for good
manufacturing practice.
o Mr. Okey Akpa, Chairman of PMGMAN listed the manufacturers as Swiss Pharma Nigeria Limited, CHI Pharmaceutical Limited, Evans
Medical Plc and May & Baker Nigeria Limited
 Managing Director of Evans Medical and West African Pharmaceutical Manufacturers Association president, Bunmi Olaopa, said due to the upgrade of
pharmaceutical companies in Nigeria, many manufacturers are presently elevating the standards of their factories, while others are on the lookout for
partners. “Many more in Nigeria and Ghana are also in the process of acquiring pre-qualification.
 FBN Capital PMI reports that headline reading rose to 51.6% from 49% for September 2015, which shows a healthy increase of business activities and
confidence in the manufacturing sector

Market Fundamentals

Nigeria is the next global manufacturing hub

 $150bn consumer market.
 ECOWAS $734.8bn GDP.
 Manufacturing Sector increased year-on-year by 20%.
 Government Policy; Nigerian Industrial Revolution Plan (NIRP) aims to add a further $25bn to annual manufacturing revenues in the next 3 years.
 Government agencies, such as Bank of Industry (BOI), are providing funding and low interest rate, long term loans for manufacturers to re-tool and
modernise.
 The manufacturing sector is now the major driver of economic growth in Nigeria with the consumer market estimated at $150bn.
 Nigeria GDP $500bn+ p/a and 170 million population
 Compelling growth story, demographic dividend, political stability, improving market transparency & good economic governance.

The Economic Community of West African States (ECOWAS), such as Ghana, Ivory Coast and Cameroon has 300 million consumers, with combined GDP of
$734.8bn and annual growth rate of 6.3%.

The most comprehensive manufacturing and equipment event in Nigeria

 Drive export of your manufacturing machinery to Nigeria and West Africa.

 Meet & appoint reputable local agents. BOOK YOUR SPACE FOR 2016
 Secure orders with Nigeria’s leading manufacturers.

Event Patron: Host Ministry: Host Chamber:

International platform to showcase manufacturing machines, automation technology and machine tools such as:

Foil Wrapping Machines | Blister Machines | Rotary Blister Machines | Flat-plate Blister Machines | Pharma Processing Machineries: Tablet / Capsule / Liquid /
Injectables / Ointment / Dry Syrup | Mixers for Powders and Granules| Mixers for Liquids and Creams | Granulators| Compactors | Sifters and Filters Dryers |
DE-Humidifiers | Tablet Presses |Capsule Filling and Processing Machines | Coating Equipment |Tablet/Capsule Counting and Packing Machines |Capping and
Closing Machines |Sterilisers |Weighing Scales | Tablet Dedusters | Dust Extractors |

Organised by African Events Specialists Clarion Events in association with Spintelligent Events.

Nigeria Manufacturing Expo | 14 -16 March 2017 Lagos, Nigeria | www.nigeriamanufacturingexpo.com