Market Report, "Nigeria Pharmaceuticals & Healthcare Report Q1 2014", Published
Medicines demand in Nigeria will be driven by urbanisation, rising per capita incomes, a growing burden on non-communicable diseases and the government's plans to increase widespread healthcare access to all citizens. However, we note that government spending is significantly dependent on oil and gas revenues and, as such, any fall in prices of these commodities is likely to cause a decline in government investment in healthcare. Key downside risks to foreign multinational investment include low pharmaceutical per capita spending, weak...
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