One of Nigeria’s leading pharmaceutical and healthcare suppliers, Med-In Pharmaceuticals Limited has unveiled an ultra-modern intravenous fluid production factory in Sagamu, Ogun State. The intravenous fluid plant, with capacity to produce 100,000 bottles per day, was officially commissioned on July 29 as part of providing locally manufactured intravenous fluid to help in the increase of quality healthcare services for Nigerians.

The construction of the facility, which began in 2010, was supported by the Bank of Industry (BOI) and further backed by Providus Bank to ensure that the quest to enhance quality healthcare delivery in the country remained obtainable.  The Managing Director of Med-In Pharmaceuticals, Mr Tola Awosika, said the milestone event is the result of years of consistency and deliberate efforts to deepen access to quality healthcare for Nigerians and to provide healthcare providers robust options, convenience, cost-effectiveness and ease of access in meeting the high demand for IV fluid products in the country.

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“With a global market size valued at US$ 10.7 billion in 2020 and estimated to grow at a compound annual growth rate (CAGR) of 7.9% from 2021 to 2028, we understand the demand in this ecosystem, and we are poised to satisfy the market. Our facility is one of the largest and most sophisticated in Nigeria with a capacity and readiness to deliver.

“We are committed to driving product quality through strict adherence to the principles of current Good Manufacturing Practices (cGMP), regulatory and statutory requirements, and constant review of our systems to meet global standards,” Awosika said.

The Chairman of Med-in Pharmaceuticals, Dr. Olubayode Awosika, also stated: “Having served for about five decades in Nigeria’s healthcare delivery industry, we have had a robustly valuable experience to understand where the gap in providing sustainably effective solutions and services to the ecosystem lies. We have also spent the last ten years building a comprehensive system and facility to bridge this gap. We are pleased to commission this factory as a prelude to unpacking our sustainable intervention in Nigeria’s healthcare delivery space.”

In his remarks, Governor Dapo Abiodun said he is proud of the investment that Med-In Pharmaceuticals has in his state, saying it has put Ogun State on the global pharmaceuticals and healthcare manufacturing map.