Nigerian Government Investigates Drug Stores Over COVID-19 Drugs Price Hike
Federal authorities in Nigeria are investigating some drug stores in the country over outrageous hiking of prices of hydroxychloroquine, a controversial anti-malaria drug used for COVID-19 treatment.
Recall reports went viral about one drug store in Port Harcourt, Rivers state, Ebus Pharmacy Limited, was selling hydroxychloroquine at an exorbitant price of N50,000.
The owner of Ebus Pharmacy, Boniface Ebugosi, said the hydroxychloroquine was an imported drug and that the dwindling value of the naira against the dollar was responsible for its high price.
Other drug stores in Port Harcourt were also selling hydroxychloroquine at N50,000 and above.
The drug was never known to be this costly in Nigeria when it was used only for malaria treatment.
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