• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Sectors Health

FG inaugurates committee to develop phytomedicine value chain, boost healthcare and economy 

Anthonia Obokoh by Anthonia Obokoh
May 6, 2025
in Health, Sectors
FG inaugurates committee to develop phytomedicine value chain, boost healthcare and economy 
Share on FacebookShare on TwitterShare on Linkedin

The Federal Ministry of Health and Social Welfare has inaugurated a Ministerial Committee on the Development of the Phytomedicine Value Chain.

According to the Ministry, the move is a strategic step towards repositioning Nigeria’s healthcare system through the commercialization of indigenous medicinal resources.

The initiative also forms part of broader efforts to unlock the healthcare value chain and support the diversification of the national economy.

RelatedStories

No Content Available

Harnessing biodiversity for health and wealth 

Speaking at the inauguration, the Honourable Minister of State for Health and Social Welfare, Dr. Iziaq Adekunle Salako, described the initiative as a transformative effort to harness Nigeria’s rich biodiversity for both health and economic growth.

“Today marks a defining moment in our collective commitment to reposition healthcare and unlock the immense potential of our indigenous medicinal heritage,” he said.

The Phytomedicine Value Chain Initiative seeks to convert traditional medicinal knowledge into globally competitive, industrial-scale herbal products.

Dr. Salako noted that this effort could create jobs across conservation, cultivation, production, and export sectors, while positioning Nigeria as a key player in the rapidly expanding global herbal medicine market.

Committee to drive commercialization and reforms 

He further explained that the newly formed Committee is charged with developing a commercialization framework, identifying high-potential herbal products, recommending relevant policy reforms, and fostering partnerships among research institutions, traditional medicine practitioners, and the private sector.

The Ministry also reaffirmed its commitment to integrating traditional medicine into modern healthcare systems, in alignment with World Health Organization (WHO) standards and guidelines.

It emphasized that the committee is expected to deliver actionable outcomes within a defined timeframe, laying the groundwork for a sustainable, safe, and economically viable phytomedicine industry that supports universal health coverage and strengthens Nigeria’s economic resilience.

What you should know 

Phytomedicine refers to medicines derived from plants, specifically those that use plant extracts, active compounds, or whole plants for the prevention, management, or treatment of diseases.

  • It’s a branch of medicine closely tied to herbal medicine and traditional healing practices, but it emphasizes scientific validation, quality control, and often industrial-scale production.
  • The global herbal medicine market was valued at over $170 billion in recent years and is projected to grow rapidly due to increased interest in natural and alternative therapies.
  • Countries like China, India, Germany, and the USA have well-established phytomedicine industries.
  • Nigeria is rich in biodiversity and has a long-standing tradition of using indigenous medicinal plants.

With proper research, regulation, and commercialization, Nigeria could develop competitive phytomedicines for both domestic use and export.

Phytomedicine requires standardized preparation, toxicology testing, and clinical trials to ensure safety and efficacy.

The World Health Organization (WHO) supports the integration of traditional and complementary medicine into national health systems if they meet rigorous standards.


Follow us for Breaking News and Market Intelligence.
Tags: Commercialization of indigenous medicinal resourcesDr. Iziaq Adekunle SalakoNigeria's healthcare sector repositioningPhytomedicine Value Chain
Anthonia Obokoh

Anthonia Obokoh

Anthonia Obokoh is journalist with years experience in the media industry, focusing on health reporting. Known for her expertise as a health writer and analyst, she brings depth to topics from public health policies to healthcare advancements. Her work has earned her recognition as a trusted voice in Nigeria’s health journalism field.

Related Posts

No Content Available
Next Post
NIPOST to stop accepting cash across post offices nationwide from July 1, 2025  

NIPOST to stop accepting cash across post offices nationwide from July 1, 2025  

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

nlng
Zenth Bank
Emple
first bank
Zenth Bank








DUNS

Recent News

  • Q1 2025 GDP to surge marginally on FX recovery, bank recapitalization ripple effect amid mixed signals 
  • Aradel, Seplat, or Oando; who delivered the best value to investors in 2024? 
  • Dangote partners international firm to export Polypropylene beyond Africa

Follow us on social media:

Recent News

Nigeria records 2.54% GDP growth rate in Q3 2023

Q1 2025 GDP to surge marginally on FX recovery, bank recapitalization ripple effect amid mixed signals 

May 21, 2025
Analysts issue ‘Buy’ recommendation for Aradel Holdings, project 12-month target price  

Aradel, Seplat, or Oando; who delivered the best value to investors in 2024? 

May 21, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics