Evaluating the Influence of Government Policies on Nigeria’s Pharmaceutical Supply Chain

Abstract

The pharmaceutical business in Nigeria is not an exception to the rule that government rules and regulations are essential to preserving efficiency and order in a variety of industries. This study investigates the effects of laws and rules on the pharmaceutical industry’s supply chain. Using a survey methodology, the study first took into account 1,881 people in total, but the Raosoft sample size calculator helped them reduce that number to 320. Participants were given a structured questionnaire to complete as the main method of gathering data, and linear regression analysis was used to examine the results. The results showed that government regulations had a major effect on supply chain management effectiveness. It was observed that while technological integration might improve supply chain operations, difficulties enforcing rules can impair supply chain performance. These revelations clarified the connection between supply chain performance and regulatory frameworks in Nigeria’s pharmaceutical sector. To facilitate the smooth implementation of policies, it is essential to include relevant stakeholders from the pharmaceutical sector in the policy development process. Therefore, it is recommended that effective administrative structures and consistent policies be established to promote growth and development. Additionally, involving stakeholders in the supply chain process and integrating technology are critical for achieving effective supply chain performance.

Click on the Link below to Read the Full Article.

https://dmimultitechpublisher.my.id/index.php/ijmbi/article/view/54

Young pharmacist at the pharmacy – wearing a face mask