Measures to tackle the problems facing patent medicine vendors in Nigeria

Abiola, Adeyinka and Alhassan (2013) suggested measures to tackle the problems facing patent medicine vendors which include:

  • Provision of adequate infrastructure
  • Elimination of multiple taxation system
  • Provision of adequate capacity building
  • Provision of accessible credit facilities
  • Encourage investment
  1. Provision of adequate infrastructure: Inadequate infrastructure is no doubt the major constraints militating against the progress and development of patent medicine vendors in our nation. Efforts should be made by government to ensure that adequate physical infrastructures like: good road network, adequate supply of electricity, good health care system, and good communication system are all in place in a bid to further encourage patent medicine vendors in participating actively in the healthcare sector of the economy. In the long run, it will reduce the cost of doing business (Abiola, Adeyinka & Alhassan, 2013).
  2. Elimination of multiple taxation system: Government should endeavour to eliminate multiple taxes and levies imposed on patent medicine vendors, in order to further encourage them to participate actively in the healthcare sector of the economy. Furthermore, effort should be made to remove any sort of unnecessary dues, levies and taxes which is aimed at frustrating patent medicine vendors, and replace them with single tax system (Abiola, Adeyinka & Alhassan, 2013).
  3. Provision of adequate capacity building: Capacity building is arguably one of the major constraints of patent medicine vendors in Nigeria. However, efforts should be made to address the issue of marketing, accounting, administrative, information and technology, and technical problems in order to further enlighten patent medicine vendors (Abiola, Adeyinka & Alhassan, 2013).
  4. Provision of accessible credit facilities: Government should make sure that patent medicine vendors have easy access to credit facilities, either through government agencies like SMEDAN (small and medium enterprise development agency of Nigeria). This will eliminate the hassle associated with obtaining high interest loan from banks (Abiola, Adeyinka & Alhassan, 2013).
  5. Encourage investment: The introduction of an enabling environment for patent medicine vendors in the health sector will further attract both local and foreign investors into the healthcare sector of the economy (Abiola, Adeyinka & Alhassan, 2013).

Reference

Abiola, A. B., Adeyinka, A. F. & Alhassan, M. R. (2013). A qualitative assessment of medicine sellers in Igbo-Ora. Project submitted to the Department of Preventive and Social Medicine. College of Medicine, University of Ibadan, Nigeria

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