AltBank unveils non-interest financing to boost local drug production

Vanguardngr | 12-05-2026 06:57pm |

The Alternative Bank has launched a specialized non-interest financing initiative aimed at enhancing local pharmaceutical production in Nigeria. This initiative is designed to support industrial pharmacists and healthcare operators, addressing the continent's significant reliance on imported medications. The move is particularly pertinent as Africa grapples with approximately 25 percent of the global disease burden, highlighting the urgent need for increased local manufacturing capabilities in the healthcare sector.

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