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How do I start an online pharmacy in Nigeria?
To be able to register an online pharmacy shop in Nigeria, you must have a registered brick and mortar store with PCN. Online pharmacy shops must be registered with PCN. PCN has the right to shut it down and follow up with prosecution.
How do I start a digital pharmacy?
Start an online pharmacy by following these 10 steps:
- STEP 1: Plan your business.
- STEP 2: Form a legal entity.
- STEP 3: Register for taxes.
- STEP 4: Open a business bank account & credit card.
- STEP 5: Set up business accounting.
- STEP 6: Obtain necessary permits and licenses.
- STEP 7: Get business insurance.
How much does it cost to start a pharmacy business in Nigeria?
How much does it cost to open a pharmacy in Nigeria? With present economic realities it will take around 5 to 10 million Naira to set up a standard and modern pharmacy shop in Nigeria (don’t forget a pharmacy is different from a chemist shop).
How much does it cost to register a pharmacy in Nigeria?
Licensing Fees
| Category | Licence Fee |
|---|---|
| N3,000 | 10 – 14 Years Post Registration |
| N1,500 | 9 Years Post Registration |
| N1,500 | NYSC |
| $100 | Pharmacists resident Abroad |
Can I order my medication online?
Can I order a prescription online? While you cannot simply order a prescription online, you can meet with an online doctor to get medication prescribed online. In order to receive prescription medication, you must first consult with a medical doctor. This can be done online via phone or video chat.
How do digital pharmacies work?
The doctor prescribes medication. Sometimes the patient is given a printed-out prescription, but more commonly the doctor sends the prescription electronically to the patient’s preferred pharmacy. The pharmacy dispenses the medication, labels it, bags it, and notifies the patient that it’s ready for pick-up.
How can I sell my pharma products online?
Ensure you have a registered pharmacist overseeing all the orders before they get shipped. Finally, the medicines should be sent from a chemist shop bearing a retail license. Apart from this, there are additional business licenses you need to acquire to legally put up medicinal items for sale online.
Can a non pharmacist open a pharmacy shop?
Most people ask if a registered nurse, a pharmacy technician or medical doctor can open a community pharmacy shop. The non-pharmacists use the license of certified pharmacists (at an agreed fee, say #500,000 Naira or more per year) to open a pharmacy.. You know this is a common practice for those in the know.
Is wholesale pharmacy a profitable business in Nigeria?
Wholesale importation of finished products, as well as retail pharmacy business, has been a flourishing business in Nigeria. Of recent, there has been a parallel increase in the local drug manufacturing. However, the former still flourishes more than the later due to the following factors:
What are the challenges of setting up a pharmacy?
With regard to setting up a pharmacy the few challenges one could likely face are mostly with registration, licensing and legal requirements. Although financing can also be a challenge however if you can overcome the other challenges you are more than half way there.
What is the history of pharmaceutical industry in Nigeria?
Pharmaceutical Industries in Nigeria: Challenges and Prospects. The pharma industry traces its root from two sources; the first of these were local apothecaries that expanded from their traditional role of distributing botanical drugs such as quinine and morphine to wholesale manufacture in the mid 19th century.
What are the challenges faced by pharmaceutical industry in Africa?
Unfair competition by imported products and multinationals. The need to standardise many drugs of herbal origin now circulating in Nigeria and Africa. Inability of developing countries to tap the research results from their basic or applied scientists lead to brain drain to foreign laboratories.