An Egyptian firm, Utopia Pharmaceuticals, says it plans to establish a drug manufacturing plant in Abia State to serve Nigeria and the West African market.
The company founder, Kamel Muhamed, disclosed this on Wednesday during a meeting with Governor Alex Otti of Abia, at Nvosi, Isiala Ngwa South Local Government Area of the state.
Mr Muhamed said the company was seeking a partnership with Abia State Government to establish the facility as part of its expansion strategy in Africa.
He said the proposed plant would position Nigeria as a hub for advanced pharmaceutical technology while serving the wider West African sub-region.
According to him, Utopia already operates within the framework of an existing Memorandum of Understanding (MoU) between Egypt and the National Agency for Food and Drug Administration and Control (NAFDAC) on drug registration.
