Sign Up to Our Newsletter

Be the first to know the latest updates

Business

Emzor Pharmaceuticals to Build Nigeria’s First Anti-Malarial API Facility in Ogun State with $23 Million Investment

Emzor Pharmaceuticals has announced plans to construct a state-of-the-art Active Pharmaceutical Ingredients (API) facility in Sagamu, Ogun State, with a substantial investment of $23 million (over N25 billion).

This ambitious project aims to tackle the widespread issue of malaria in Nigeria and Sub-Saharan Africa.

The new facility, expected to produce 400 metric tonnes of high-quality APIs annually, will be the first anti-malarial API manufacturing plant in Nigeria and Africa.

This will significantly bolster the continent’s fight against malaria, reducing Nigeria’s dependence on importing over 90 percent of its APIs.

Emzor Pharmaceuticals joins a growing number of industries in Ogun State, such as Nestle and Nigeria Brewery, highlighting the state’s increasing attractiveness to investors.

This development is a testament to the efforts of Governor Dapo Abiodun, whose policies are aimed at attracting business and cementing Ogun State’s position as Nigeria’s industrial capital.

The European Investment Bank (EIB) announced a €14 million funding to Emzor during the EU-Nigeria Strategic Dialogue last October, supporting the construction of this pioneering anti-malarial API plant.

The facility is expected to create over 500 jobs and further expand into three additional areas, fueling both economic growth and employment opportunities in Ogun State.

Emzor has also partnered with India’s Mangalam Drugs and Organics Limited to facilitate technology transfer training, testing, and initial production at the site.

The focus on high-quality and affordable anti-malarial drugs represents a significant advancement in Africa’s healthcare sector.

This development not only addresses the critical need for malaria treatment but also underscores Ogun State’s leading role in Nigeria’s industrial landscape.

Timeless Update Reporter

Timeless Update Reporter

About Author

With a wealth of experience in journalism and digital media, we bring a keen eye for detail and a commitment to excellence. We ensure that every article meets the publication's standards of quality and accuracy. Our dedication to journalistic integrity and strategic editorial guidance contributes to Timeless Update's reputation as a trusted source of news and information.

Leave a Reply

Welcome to Timeless Update, where we curate and deliver the latest news and trends with a touch of timeless elegance. 

Get Latest Updates and big deals

    Join us on a journey of discovery and enlightenment as we explore the past, present,

    Timeless Update @2023-2024. Developed by Dozen.com.ng . All Rights Reserved.