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I just published Positioning Nigeria as Africa’s Pharmaceuticals’ Manufacture Hub link.medium.com/44yeVIDjTcb
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Olusanya Tomi
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Olusanya Tomi
@Rotimitweets
No Virtue in Absolutism
Abuja, Nigeria Katılım Haziran 2011
2.4K Takip Edilen2.6K Takipçiler
Bought chicken shawarma and I only saw 2 pieces of chicken inside, Tinubu please 😭😭😭
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Haram football at its finest😂
Score 3 goals with 25% ball possession
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One of the best feelings from reading is when you find a sentence so good that you have to close the book and stare at the wall for a minute.
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😀
Many pharmacies don't make enough profit for the kind of salaries some of us expect.
It's sad but true and it's just a problem of low purchasing power
Bremen@Rxbremen
I was asking a colleague last week or so when he was complaining about how pharmacist don’t get paid well, and it’s always around 200k-300k monthly. So I asked him if he opened a pharmacy today, would he pay 1m per month to just the pharmacist alone which would be 12m per annum, and you definitely would have other staff. He kept quiet. We can’t defy economics this thing is simple but you people never have a clear perspective.
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💯You can keep denying it but at some point you will have to seat with grief
Zikorx@zikorx
You need to have a framework for grief sha. There’s no life without pain. Your theology cannot exclude pain.
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@TheRealShegz Arteta will chew iron first na
These two coaches seem to believe so much in their attacking prowess...
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@Rotimitweets I can't quite believe my eyes. It was looking bleak for bayern 5-2 down..but 5 -4 now is game on. Still stand on it though that Mikel will never play this game.. no way he's conceding 5. He rather stifle life off the game than this
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Today na for good football, tommorow na haram ball..
P.S Semis very different from group phase
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Tech no mean say he must be digital na😂😂
Aliyu, H. S.@HASPhD
Intro Tech wey dem suppose use introduce us to Tech, dem teach us Woodwork. 🤣😢
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Well months later,another highly competitive mart opened next to her,so close they shared a wall,I marketed to them and they immediately came on board,I even did banner for them 🤓🤓
They sold really well for me
I hate what I don’t like😌
Lady Morgana@Nigladymorgana
I just remembered I told one minimart owner in Ekosodin I wanted to supply her some drinks and she said she plans to also add it to her business and I should show her how to make it,I explained to her. She find me eiiieeee😂😂😂😂 She called,she went online Her drinks kept going bad You suddenly remembered you want to add it after I marketed my products to you,no wam,I learnt on the job,you’ll learn too Tigernut producer number 1!!!!
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growing reliance on technocrats to fix problems that are fundamentally political.
BusinessDayNG@BusinessDayNg
In a country where economic policy is often shaped as much by politics as by principle, the rise of Taiwo Oyedele signals more than a career transition. It reflects a deeper shift in Nigeria’s governance instinct: a growing reliance on technocrats to fix problems that are fundamentally political. For years, Oyedele operated in the background of Nigeria’s economic architecture. As a fiscal policy partner at PricewaterhouseCoopers, he advised governments on tax systems, revenue mobilisation, and fiscal reform. His work focused on a persistent structural weakness: how to build a tax system capable of funding a modern state in an economy where compliance is low and informality is high... Read more: businessday.ng/insight-2/arti…
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@paultobi_ That last point is key..
It's even safer sometimes to push premium brands first then adjust when purchasing power is clearly a challenge
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This logic is for fast-moving consumer goods, which is the goal in supermarket businesses. In the pharmacy business, it is different.
You shouldn’t import that mentality into pharmacy “completely.” The simple reason being your professional knowledge, your professional liability, your storage requirements, and your regulatory compliance don’t scale entirely like a kiosk.
Your value as a pharmacist is clinical as much as it is business in the community setting. And clinical value attaches to decisions. In fact clinical credibility protects positioning, and positioning is what allows you to charge for margin in the first place.
Take two pharmacists interacting with patients having a headache. A sells M & B and paracetamol to 8 people in a day. B sells one pack of Tylenol ES. B walks away with more money. It’s not even a contest.
But of course it is not as direct as that, so let us flip it. If B stocks only Tylenol ES and nothing else moves, that can lead to dead stock. If A chases volume without clinical intent and the need to balance business, that’s commoditization. If both ignore the business side entirely, their clinical skills mean nothing.
In short if you use the fast-moving consumer goods logic, it can lead to commoditization. If you use only high-margin logic, it can lead to dead stock. If you focus only on clinical skills, it makes no business sense.
Community pharmacies that will perform well must balance all three. They must have clinical credibility, smart margin management, and enough volume to keep the lights on.
NB: There is a psychological aspect of pushing only cheaper products which is detrimental to the value of the Pharmacists and Pharmacy. But that is a discussion for another day.
Alberto@luizaljuaco
@Ya_kso Cheaper options for patients ensure quick turnover unless it’s a popular brand that patients prefer. You’ll sell x10 of a cheaper brand before you sell x2 of an expensive brand. Quick profit, quick returns
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It's a balancing art
You need to segment your customers clearly.
Sometimes wait to sell more of cheaper brands can also slow down your sales numbers
Alberto@luizaljuaco
@Ya_kso Cheaper options for patients ensure quick turnover unless it’s a popular brand that patients prefer. You’ll sell x10 of a cheaper brand before you sell x2 of an expensive brand. Quick profit, quick returns
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