The Financial Reporting Council of Nigeria proudly participated in the official commissioning of CODIX BIO Limited, Nigeria’s inaugural large-scale rapid diagnostic test (RDT) production facility, located in Ogun State.
On Friday, May 9, 2025, the FRC Executive Secretary/CEO, Dr. Rabiu Olowo, represented the Honourable Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole. During the event, he reaffirmed the Federal Government’s commitment to fostering industrial growth, enhancing local manufacturing, and promoting strategic investments that strengthen national capacity.
This state-of-the-art in-vitro diagnostics (IVD) facility is the second of its kind in Sub-Saharan Africa and is poised to produce over 147 million test kits annually for critical diseases, including HIV, Malaria, and Hepatitis B and C. This milestone signifies a transformative advancement in reinforcing Nigeria’s healthcare system through innovation, local production, and a significant reduction in reliance on imports.
The Financial Reporting Council of Nigeria remains steadfast in its commitment to supporting initiatives that drive sustainable development and economic advancement, paving the way for a healthier future for all Nigerians.
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