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Nairaland Forum / Nairaland / General / Business / Opening A Pharmacy (61124 Views)
British guy opening a pharmacy In Nigeria / Requirements For Opening A Pharmacy Shop / What Is Required To Open A Pharmacy Store In Nigeria (2) (3) (4)
Re: Opening A Pharmacy by kodewrita(m): 9:51pm On Sep 20, 2012 |
I think there's a need for an organised response to all these cabal-like professional regulations that try to shoehorn people into boxes to serve sectional economic interests. Why allow pharmacists to stifle investments by innovative businessmen? |
Re: Opening A Pharmacy by tenny2007: 10:46am On Nov 18, 2012 |
I AM WRITING THIS REPLY TO ENLIGHT PEOPLE WHO INTEND TO OPEN COMMUNITY PHARMACY IN NIGERIA IS A GOOD BUSINESS DOMINATED BY IGBO BOYS BUT RECENTLY EVERYTHING HAVE CHANGE. I WILL START MY DISCUSSION WITH EDUCATION AND BUSINESS ASPECT OF PHARMACY IN NIGERIA. FIRSTLY OPENING A COMMUNITY PHARMACY IN NIGERIA INVOLVED REGISTRATION OF PREMISES WHICH ONLY CAN BE APPROVED BY PHARMACISTS COUNCIL OF NIGERIA NOT NAFDAC, NAFDAC HAS NOTHING TO DO WITH REGISTRATION OF PREMISES, THIS CAN ONLY BE DONE BY REGISTER PHARMACIST NOT PHARMACY TECHNICIAN AND LICENCE TO PRACTICE IS RENEW YEARLY, BECAUSE THE PREMISES MUST OBEY THE RULE SET OUT BY PHARMACISTS COUNCIL OF NIGERIA, AFTER THE REGISTRATION OF PREMISES, FOLLOWED BY VISITATION OF PREMISES FROM PCN, ENSURE PHARMACIST IS THEIR TO DISPENSE AND TO GIVE ADVISE. SECONDLY WHERE YOUR MEDICATION WILL BE PURCHASE IS OTHER PROBLEM CRAETED BY QUACK AND NIGERIA GOVERNMENT BUT THING HAVE CHANGE THIS PROBLEM CAN BE RESOLVED BY WHOLESALER WHICH THEY WILL APPROACH YOU IF YOU OPEN PHARMACY. ANY FURTHER QUESTION DO NOT HESITATE TO CONTACT ME |
Re: Opening A Pharmacy by lacewiggal: 12:36am On Nov 19, 2012 |
i'm really interested o, but my big problem is the wholesalers, Is it only Idumota one can get stuff from? If everybody orders from the same guys in idumota won't we all sell at the same price? I want to be able to sell cheaper than regular pharmacies? so where can get my stuff cheaper yet authentic. pls advise. 1 Like |
Re: Opening A Pharmacy by agabaI23(m): 1:25pm On Feb 09, 2013 |
tenny2007: I AM WRITING THIS REPLY TO ENLIGHT PEOPLE WHO INTEND TO OPEN COMMUNITY PHARMACY IN NIGERIA IS A GOOD BUSINESS DOMINATED BY IGBO BOYS BUT RECENTLY EVERYTHING HAVE CHANGE. I WILL START MY DISCUSSION WITH EDUCATION AND BUSINESS ASPECT OF PHARMACY IN NIGERIA.Hopefully you are not a pharmacist 5 Likes |
Re: Opening A Pharmacy by sofadj(m): 7:23pm On Apr 08, 2013 |
^^^ lol. How about Doctors and Nurses that open pharmacy stores |
Re: Opening A Pharmacy by akpan123(m): 11:58am On Aug 15, 2013 |
lacewigal, if you need vitamins from the united state , contact me. p.anthony58@yahoo.com |
Re: Opening A Pharmacy by achovirux(m): 11:03am On Aug 22, 2013 |
Iknow by law you must need a practicing pharmacist to open a pharmacy store even if you are a Doctor or a Nurse...Now if you want to open a patent Medicine store what are the requirements to carry out and what must be done especially in Lagos area...pls Pharmacists in d house or anybody that knows should pls educate me. |
Re: Opening A Pharmacy by achovirux(m): 9:07pm On Aug 24, 2013 |
Am in need of an honest pharmacist to do a legal business dat will bring some cool cash.pls am in need of a pharmacist lincenced pharmacist.Am a nurse anyway especially pharmacists in lagos area.contact me pls.achovirus@gmail.com |
Re: Opening A Pharmacy by kf86: 3:23am On Sep 24, 2013 |
@layi, Please what are the other businesses that are more profitable? Pls share |
Re: Opening A Pharmacy by reniduke(f): 2:09pm On Nov 01, 2013 |
1: RETAIL PHARMACY CAN BE OWNED BY NON-PHARMACISTS AS WELL 2: NON-PHARMACISTS MUST HAVE A PHARMACIST REGISTERED ON THEIR BOARD AS A DIRECTOR. 3: THIS PHARMACIST CAN BE DIFFERENT FROM THE SUPERINTENDENT 4: THE SUPERINTENDENT IS THE PHARMACIST THAT WILL EVENTUALLY REGISTER YOUR PREMISE YEARLY. 5. IF THE PHARMACIST ON THE BOARD OF DIRECTORS OR THE ONE ON YOUR PREMISE LICENSE LEAVES AT THE END OF A YEAR, THE REGISTRATION BECOMES INVALID UNTIL YOU FIND REPLACEMENTS 6. RENEWAL IS DONE YEARLY SO YOUR DOCUMENTS WILL BE LOOKED OVER EACH TIME. 7. THE PROCESS MAY BE TEDIOUS, OFTEN IS. ALL THE BEST. 8. YOU'LL PAY ONE PHARMACIST TO JOIN YOUR BOARD OF DIRECTORS, THE OTHER ONE TO MANAGE AND REGISTER THE PREMISE AND PROBABLY ANOTHER ONE TO ASSIST IN THE MANAGEMENT PERHAPS IN THE EVENING. 9. HOWEVER ONE PHARMACIST CAN DO THE FIRST TWO ROLES FOR YOU. 10. FOR THOSE WHO MAYBE INTERESTED IN DUE PROCESS, PHARMACISTS ARE SO NECESSARY IN THE REGISTRATION PROCESS BECAUSE IT TAKES A DRUG PROFESSIONAL TO UNDERSTAND AND ABIDE BY THE FACT THAT IT IS AN ETHICAL BUSINESS AND NOT JUST ANY REGULAR BUSINESS. any oda questions, holla. ps. registration is easiest when ure d pharmacist or have a sure pharmacist friend, u dont ave to look for anyone, which for a lot of people that's some work. 2 Likes |
Re: Opening A Pharmacy by akpan123(m): 11:03am On Nov 05, 2013 |
please archo can u send me details , or info how a non pharmacist can registered to be a wholesale in nigeria, |
Re: Opening A Pharmacy by eminikansoso(m): 7:20pm On Nov 05, 2013 |
What are process by non member to own a pharmacy shop |
Re: Opening A Pharmacy by Odinwa(m): 6:42am On Nov 12, 2013 |
I am a graduate of Biochemistry and I want to open a pharmacy store in Nigeria. I have 3 questions to ask: 1. How do I get a pharmacist that I will register to my company? 2. Do anybody have any advice on any good area I can open a pharmacy store? 3. Can I start up a pharmacy business without learning it? Thanks as you answer my questions. 1 Like |
Re: Opening A Pharmacy by Nobody: 1:45pm On Jul 23, 2014 |
reniduke: 1: RETAIL PHARMACY CAN BE OWNED BY NON-PHARMACISTS AS WELLHello sir, please can you give me a list of wholesalers and very big distributors of medicine in Nigeria. Also a list of supplement distributing companies like gnld, tasly, etc. Adding their addresses will also be of great importance. Thank you. |
Re: Opening A Pharmacy by wisemanj(m): 3:24pm On Sep 04, 2014 |
Hi guys can a non pharmacies own a medicine store cause I have see some person who never went to university but thy own medicine store. How is this done |
Re: Opening A Pharmacy by jta2012(m): 7:04pm On Sep 04, 2014 |
Thanks ,i wl advise u to invest only half in the pharmacy store as u wl face stiff competition from the bad market segment and other unforseen circumstances while u invest the other half in real estate. At jtaconsulting ,we can help u get a land at bottom rock price in Ogun State ,pls visit jtahomes4people.com to see more of our real estate solutions. jtaconsulting,Lagos. |
Re: Opening A Pharmacy by soldierdollar(m): 9:54pm On Sep 04, 2014 |
spicie: HEllo Nairalanders, i cannot categorically tell you how much you need as a start-up capital. Pharmacy shops are faced with the challenges of competition and location. Location really matters a lot. Drugs are commodities with expiry date and if you really don't want some expired stocks, you should put location into consideration. Am telling you from experience. I once worked in my brother's pharmacy in Benin city. Actually I participated actively in setting the business. He invested over N7m ( seven million naira) in setting up the business. The shop was greatly furnished and all the gadgets installed. The shelves were tightly filled with drugs. The shop was well spaced( 3 bedroom flat with ) and well air-conditioned. The cleaners made sure there were not even a speck of sand on the tilled floor. In fact, everything seemed perfect until things turned bad. We waited for customers to start trooping in. The first few weeks was bad. We assumed it was normal for a shop at its infancy stage of growth. But things turned sour as the condition started degenerating into months. Customers were scanty and on a few occasion, we had to sell the drugs below the cost price. Salaries were paid to the Pharmacist and a nurse, rents were paid, Electricity and Sanitation bills paid but the returns from the shops were not enough to offset these bills. The shop was experiencing low patronage and the expiry dates were drawing closer. Looking at our shop, one would expect massive inflow of customers but the irony was too obvious. All the drugs were auctioned and taken to other pharmacy shops for sale far below its cost price. That was as a result of bad location. Anyway, he has relocated and he is doing fine now. I studied electrical engineering and I designed him a powerful tool ( though software based) which he uses to monitor his drugs. This tool contains the database of all the drugs in his shops and alerts him when any drug is close to expiring. This tool informs him when a drug is running out of stock. Tells him which drugs make the highest/lowest sale, yields the highest/lowest profit, attracts the highest/lowest demand. It can also send these data to a designated email address. With this tool, the sales girls do not need to write the items sold in a note. She only needs to select the drug she wants to sell from a drop down list, input the quantity and hit the enter button. The whole calculation is done like the total amount realized from sale, the quantity of the drug remaining in stock... etc. This tool also has receipt printing feature and can print receipts on demand. The tool is just an MS EXCEL based tool and you only need to install EXCEL in your computer to use it. With this tool, he is capable of knowing at a glance, the overall performance of his business as it tells him how much profit he makes in a day, best selling items, how much item he has in stock, when to reorder, etc. Interestingly , it can alert distributors via mail when the particular drug they supply you is running out. For example, If a distributor supplies you Paracetamol, he gets email alert whenever you are about to sell off all the quantities of paracetamol in your stock. This tool also tells him the individual profit each drug contributes to the overall profit, tells him the demand rate of each drug while highlighting drugs with low demand. with this tool, he is a better Oga of his shop...... enough stories if you are "interested" , I can give you the database of most of the drugs you might need with their individual standard cost price and selling price As I said , location is very important. A narrow room at the nerve center of the town is better than a flat, with all its comfort in a residential area. 9 Likes |
Re: Opening A Pharmacy by lcoral(f): 1:13pm On Sep 05, 2014 |
@ soldierdollar you are right. LOCATION is a huge factor when setting up a pharmacy. Talking from experience as a Pharmacist. |
Re: Opening A Pharmacy by bigfrancis21: 10:25pm On Jun 04, 2015 |
Interesting. |
Re: Opening A Pharmacy by senjuma: 12:10am On Jun 08, 2015 |
asolacool:@ asolacool...kindly send me d detail of requirement for registration by PCN..thabks |
Re: Opening A Pharmacy by PMIcon(m): 2:14pm On Jun 27, 2015 |
How to legally invest in retail pharmacy (Nigeria) https://www.nairaland.com/2362246/how-legally-invest-retail-pharmacy Why Big Pharmacies Close Shop In Nigeria https://www.nairaland.com/2357298/why-big-pharmacies-close-shop Steps to owning a pharmacy in Nigeria https://www.nairaland.com/2352771/steps-owning-pharmacy-nigeria 1 Like |
Re: Opening A Pharmacy by odutolaconnect: 4:18am On Aug 12, 2015 |
Can someone who have master in pharmaceutical chemistry join pharmacist council of nigeria |
Re: Opening A Pharmacy by GHC: 5:43am On Feb 26, 2016 |
Soldierdollar, i do i get that software you talked about? |
Re: Opening A Pharmacy by bejick(m): 4:47pm On Nov 01, 2016 |
layi: abeg which business is that. 1 Like |
Re: Opening A Pharmacy by Daluuzor(m): 1:18pm On Dec 09, 2016 |
soldierdollar:I am very interested in this App of yours, it is very cool, would also like to get a database of drugs with their standard cost and selling price. The thing is, I am a graduate of Chemistry and i want to go into this business. I hope you get this. Thanks |
Re: Opening A Pharmacy by Beelad(f): 5:21pm On Dec 11, 2016 |
Daluuzor:I wish you the best in your pursuit. I have duly registered OTP and POM drugs for supply at "comparatively" low rates. Kindly pm me if interested so we talk better. Thanks . |
Re: Opening A Pharmacy by LagBlogger(m): 10:28am On Dec 15, 2016 |
OP More info on how to start a pharmacy in Nigeria simply click on the link! |
Re: Opening A Pharmacy by SaintGravity1: 5:38pm On May 27, 2017 |
I've heard that certain spacing of 200KM or 400KM must be maintained between two patent medicine dealers,depending on the location. My question is this : what if the shop or store was built by me in my own compound,does the nearness rule still apply? Replies will be appreciated, thanks!!!! |
Re: Opening A Pharmacy by SaintGravity1: 5:53pm On May 27, 2017 |
tenny2007:I want to know the requirements for opening a patent medicine shop. Especially on issue of proximity between two shops. I already built a shop in front of my house in my compound,how does the nearness affect me now? thanks a bunch!!!!!! |
Re: Opening A Pharmacy by iseeicome: 1:35am On Sep 24, 2017 |
Re: Opening A Pharmacy by Billionboi: 7:00am On Apr 26, 2018 |
layi:namely |
Re: Opening A Pharmacy by Billionboi: 5:55pm On Apr 26, 2018 |
reniduke:Godbless u. I will follow ur guildline pending the time I will obtain my own certificate. I'm planning to enter with direct entry using my B. Sc in microbiology to obtain pharm certi. Please what do you think? And how much are mine supposed to pay the pharmacist? |
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