By Mosunmola Ayobami, Kwara
The Chairman Board of Directors of HMA Medical Limited, Honourable Ayodele Shittu has said the Company would produce about two hundred Million Syringes and three hundred and Fifty Million needles per annum in the next one of the company operation.
HMA medical LTD Syring and needle production is a wholly indigenous owned venture with partnership with a Sino-German Company.
The factory was one of the projects commissioned by the Vice President Professor Yemi Osinbajo on Tuesday in Kwara state.
”The Company intends to expand this plant from the current capacity of 200 Million Syringes and 350 Million needles per annum to 500 Million and 700 Million needles respectively in the next three years,” He said.
According to him we are also expanding into the construction of a state of the art intravenous infusion plant which we project to commission in the next 24 months.
He said the products will be exported to ECOWAS and the African Union (AU) Countries,which he said will save and earn us scarce forex adding that raw materials are also locally from eleme petrochemical industry.
The Chairman further said the investment on the project stands at US$15 Million that provides direct employment for 120 people people presently and indirect jobs for about 600people while about 300 people worked as labourer during the construction in and outside the community.
“In order to protect the local manufacturers of syringes/needles and safeguard the interest of consumers,we advocate a lower tarrif of 5% cumulative on the importation of raw materials and 0% duty for the importation of plant and machinery for companies interested in the production of this device and 20% import duty plus 50% import adjustment Tax making a cumulative of 70% for importers of finished Syringes and needles,” He urged.
Shittu said the implement of the above suggested measures will automatically discourage importation of finished Syringe/Needle which will boost local production of this device in line with the backward integration policy and patronage of made in Nigeria goods directive of government.