A step by step procedure for registration and licensing of retail Pharmacy Business in Nigeria. #business #retailpharmacy #pharmacy #pharmacybusiness #naija #investing
thank you much for the teaching i got a lot of value from it
@muhammadmahe6542
2 жыл бұрын
A video on wholesale/dstributorship pharmacy and pharmaceutical manufacturing will be great.
@carezonepharm
2 жыл бұрын
Thanks, I will do. Watch this space.
@janetwilliams4887
9 ай бұрын
This video is very informative. Thank you very much ❤
@chiamakaanagor5236
Жыл бұрын
You are a good teacher, I do appreciate this video, very detailed and informative. Thanks a lot
@carezonepharm
Жыл бұрын
thanks so much Chiamaka!
@kaychilenga8831
Жыл бұрын
Very true. Thank you Zambia 🇿🇲 is in the house
@ayobamiadekunle9374
4 ай бұрын
Pls, I will need your number.
@HappyMicrophone-nc9zn
6 ай бұрын
Thank you for your teaching
@carezonepharm
4 ай бұрын
The answer will be different for each individual. It is best to first find out what the cause is and treat it. Generally, a healthy lifestyle and good frame of mind promotes sexual performance.
@mirianspeaks1703
Жыл бұрын
Very detailed and clear information. Thank you so much.
@carezonepharm
Жыл бұрын
thanks. glad u liked it
@georgechima3285
5 ай бұрын
@@carezonepharmplz how much can I start off with . I mean retail pharmacy
@MsKale14
Жыл бұрын
Thank you for creating this detailed video. How do one go about securing or registering a location e.g a land to be used to start a pharmacy in future. The structure still has to be built, but I do not want to run into an issue where potentially another pharmacy may open near especially since PCN requires pharmacies to be at least 200 metres apart. Thanks
@carezonepharm
Жыл бұрын
Whether u want to build or rent, u just need to look around the area and find where other pharmacies are located. Ensure that the building site or shop is at least 200 meters away from them
@obazeeghosa
2 жыл бұрын
Very helpful, thank you. God bless
@carezonepharm
2 жыл бұрын
thanks so much. I am glad you liked the video
@obazeeghosa
2 жыл бұрын
@@carezonepharm The video was excellent! It was a great eye opener. I pray and look forward to a follow up on actually running a pharmacy.
@okoriechristiana2975
2 жыл бұрын
Nice one
@carezonepharm
2 жыл бұрын
Thanks so much Ma. I am glad you like it
@grahamuwa
2 жыл бұрын
Thank you for this.
@carezonepharm
2 жыл бұрын
Thank you for watching. please share to help others learn.
@achiokwudili3926
2 жыл бұрын
Nicely detailed video.
@carezonepharm
2 жыл бұрын
thanks. I am glad you found it helpful
@victoragu-lz9wk
Жыл бұрын
Thinks Mama i am interested
@charlotteduke9296
2 жыл бұрын
Thank you for the lecture. I read that a pharmacy director is meant to have 51% of the shares legally. Can you through more light on this. Thank you.
@carezonepharm
2 жыл бұрын
Hi Charlotte, this is correct. The Pharmacist Director will have a legal agreement with the owner of the business and must have up to 51% shareholding. The idea is that only pharmacist is authorized to open a retail outlet but if a non-pharmacist is involved, the Pharmacist should still have upper hand. Hope you understand.
@winwithoasistv
6 ай бұрын
@carezonepharm thank you for this information. What about if l don't want to partner with anyone, but just to open a pharmacy and employed those that are qualified and manager too, what do you have to say regarding this? Because I wouldn't want to partner or someone having shares from my business, what about if the person decides to claim everything!! Your response would awesomely appreciated.
@carezonepharm
4 ай бұрын
To have a successful Partnership, you can protect your interests by ensuring that your Pharmacist is Registered by the Pharmaceutical Council and is of good standing in the industry. You will also provide legal contract documents for your partnership, duly signed and witnessed by both parties. A good legal backing should be sufficient.
@Medidiscovery
9 ай бұрын
Hi want to start a phamarcy business but i don't have the necessary qualifications. Is it possible to find a qualified phamarcy who can work for me possibly use he's licensed to registered the business. My budget is about 10 millions and above.
@TheGrayhearts
3 ай бұрын
I want invest in pharmacy for people to run it while I'm focused on my main job, how do I go about it?
@misbahumusbahu4180
Жыл бұрын
Thank you very much. Can retail pharmacy expand to wholesale at the same facility like upstairs ? To run both retail and wholesale? Thank you. 2. Can a certified pharmacist who attend only three years of diploma be a superintendent with out NYSC sertificate? Thank you one again
@carezonepharm
Жыл бұрын
Answer is No in both cases.
@gracedienye2248
2 жыл бұрын
Thank you for this masterpiece 👏👏🙌
@carezonepharm
2 жыл бұрын
thanks so much. glad you found it helpful
@gloryudo2166
Жыл бұрын
Wow I so much love the business but am not graduate how will do
@carezonepharm
Жыл бұрын
Hi Glory, thanks. Just follow the steps in the video.
@josfyngold9771
Ай бұрын
Thanks for this,but the pharmacist I got told me that that at the point of cac,his name alone should be on the CAC,can you help me on this
@carezonepharm
13 күн бұрын
In the CAC registration, both your names will be on the documents. the Pharmacist will have a larger portion of the Shares while you own a smaller percentage, say for example, 70:30. This is because by law, only a Pharmacist is allowed to own a Pharmacy Business. The Pharmacist knows that all the money to start and run the business and even to pay him or her comes from you. So you can engage a lawyer that is experienced in this area to put partnership agreements in place.
@mustaphafarouk1737
2 жыл бұрын
Am a physiologist..can I open a pharmacy retail outlet legally and if possible how can I go about it pls?
@carezonepharm
2 жыл бұрын
Hi Mustapha, please watch this video to know how to go about it
@carezonepharm
2 жыл бұрын
kzitem.info/news/bejne/1pB50WWcoX-qoGU
@Beverly_Onuegbu
Жыл бұрын
There is a proximity mark of at least 200m given during inspection before opening a pharmacy, from one pharmacy to another. How do we know the rough estimate of the distance? Before paying for the rent, and failing the inspection.
@carezonepharm
Жыл бұрын
Hi Beverly, you can estimate with distance of 2 NEPA Poles. Hope u understand. Thanks
@Beverly_Onuegbu
Жыл бұрын
This is helpful,thanks a lot!
@gabriellaugochi3098
Жыл бұрын
Hello. Thanks for the video. After the approval letter is ready after final inspection, when possible will premise license be issued?
@muhammadmahe6542
2 жыл бұрын
Thank you for this elaborate video. My question is: can the pharmacist who is a partner in the business also be the superintendent pharmacist?
@carezonepharm
2 жыл бұрын
Yes he can.
@justpureoge4218
9 ай бұрын
Hi, Please do you do pharmacy consulting? If so, how can you be reached? Thank you.
@bempeniel7958
10 ай бұрын
Thanks for the video. Please can you tell me the amount range a pharmacist can change me for helping me do the registration? Aside from the dues and registration charges
@carezonepharm
10 ай бұрын
Hi Bem, the remuneration for the pharmacist largely depends on negotiations between both parties. The minimum monthly pay is around 170,000NGN. Experienced Pharmacists will charge higher. Note that the Pharmacist will be working at the registered premises to run the day to day affairs of the Pharmacy.
@gCapsHLite-qc3dn
Ай бұрын
Can I only register to napmed then others coming to me for the remaining necessary registration till, am settled..??🙄
@carezonepharm
13 күн бұрын
For a Patent Medicine Store, the NAPPMED will provide all the necessary assistance including the information about your obligations to the Pharmacists Council of Nigeria. But for a Retail Pharmacy, you will work directly with the Pharmacists Council. If you are not a Pharmacist, your Pharmacist will do the leg work while you give him or her the necessary support.
@usmansdmukhtar3370
Жыл бұрын
Please can someone open a retail pharmacy after studying pharmaceutical Science, because pharmaceutical science course in the uk focus more on drug production and manufacturing unlike pharmacy that focus more on the prescriptions. And also can someone be a fully licensed pharmacist in Nigeria with BSc pharmaceutical science. Thank you
@carezonepharm
Жыл бұрын
Hello Usman, the answer to all the questions is no. Only those who studied Pharmacy and have the degree, B.Pharm. will be licensed and can open a retail pharmacy. But people who studied Pharmaceutical Sciences can work in Pharma manufacturing, research, academics, etc
@ifeyinwachukwudi4447
Жыл бұрын
What best describes a good location for this business?
@carezonepharm
Жыл бұрын
There are many factors that determine how good a location will be. It is viewed from both the business and regulatory angle. You want a location that meets the requirements outlined in the video for regulatory purposes. You also want a location that enjoys a lot of traffic and is easily accessible to people.
@ekenedilichukwuchristian2725
9 ай бұрын
Please what can you advise me I want to study pharmacy,is it a good choice or should I go for course like nursing or optometrist
@johnikeh8865
2 жыл бұрын
Please How much will it cost to register with PSN and PCN.
@carezonepharm
2 жыл бұрын
There are various fees to be paid to PCN and PSN, all these fees will not cost more than 150k NGN.
@joyadamz7801
2 ай бұрын
Please a pharmacy technician open a pharmacy store And how can I. Go about it
@carezonepharm
13 күн бұрын
The same guidelines for a non-Pharmacist will apply for a Pharmacy Technician. However, you have an advantage because you are not new to the field of retail Pharmacy. However, you will need to partner with a Pharmacist as shown in the Video
@RoseMarsh-mf4jh
5 ай бұрын
Who is the right people to approve normal chemist store , is it the PCN or Nappmed? Chemist union? Please I need urgent response
@carezonepharm
4 ай бұрын
The PCN Approves. However, there must be an initial "'approval'' by NAPPMED. So work with NAPPMED first. They will guide you through the process.
@destinyoge1719
Жыл бұрын
How much will it cost a non pharmacist to open a pharmacy store.
@carezonepharm
Жыл бұрын
Please look out for my video on this!
@ifeanyiezenso7187
Жыл бұрын
Please how much does it cost to set up a pharmacy store in Awka, Anambra State
@carezonepharm
Жыл бұрын
Hi Ifeanyi, the cost will depend on the cost of rent at the proposed location and your desired startup size. Anything from 3M and above may be OK for a start. But remember that the rising cost of medicines and other things generally might affect your budget.
@markogbodo
2 жыл бұрын
Good day, How much can open a standard pharmacy retail store in Nigeria
@carezonepharm
2 жыл бұрын
Hi Mark, this will depend on the cost of rent at the proposed location and your desired start up size. Anything from N3m and above might be fine for a start. Also factor in the rising cost of medicines and other things in Nigeria generally.
@valentinamandypresh7584
Жыл бұрын
Can a registered nurse own a pharmacy in Nigeria!
@carezonepharm
Жыл бұрын
Only by following the procedure outlined in the video.
@RoseMarsh-mf4jh
5 ай бұрын
Please can one pharmacist license register more than 1 pharmacy
@carezonepharm
4 ай бұрын
Hi Rose, No. Even if your Pharmacy grows to have many branches, each branch must be registered by a different Pharmacist
@georgechima3285
5 ай бұрын
Plz how much is good to start off with
@carezonepharm
4 ай бұрын
It depends on a lot of factors such as the cost of medicines, the cost of rent at the chosen location, your taste of interior furnishing, cost of registration and licensing, cost of employee recruitment, etc. To start with, maybe 5 - 10 Million Naira and above.
@philippaokumbor6042
Жыл бұрын
How long does it take for the licensing bodies to approve your location and everything?
@carezonepharm
Жыл бұрын
well, a couple of months for the whole process.
@ifeyinwachukwudi4447
Жыл бұрын
Can i start selling after location inspection has been done? Its taking quite long for them to come premises inspection
@carezonepharm
Жыл бұрын
Yes you can. Ensure your Pharmacist is always there to run the daily affairs of the business. Council inspectors may visit from time to time
@GoodluckLucky-tq5ij
Ай бұрын
In summary all these will cost what amount to a nonpharmacist?😊
@carezonepharm
13 күн бұрын
Depends. A few millions of Naira depending on the size, location and many other factors.
@ifeatudimaka8777
2 жыл бұрын
1.Please what is the total cost of registering with NAFDAC, NDLEA, PSN and obtaining PCN license? Will 3million naira be enough to start and run a standard pharmacy ? Thanks.
@carezonepharm
2 жыл бұрын
Hi Ifeatu, you don't need to register with NAFDAC, or NDLEA. Those are just agencies that will be monitoring your activities as a retail Pharmacy store from time to time. You only need to register with PSN and PCN. 3 million may be a good start but this will depend largely on the cost of shop rental your location. If you are not a Pharmacist, you will have to pay the pharmacist as well. Also remember, you need to furnish the shop, pay utilities, and stock the shop.
@benjaminrosemary5670
Жыл бұрын
Can a registered nurse own a pharmacy
@digital_treshz
Жыл бұрын
Yes but he or she still needs a pharmacist
@carezonepharm
Жыл бұрын
Correct.
@akinseteoluwatoyin7175
2 жыл бұрын
Please how much is location inspection?
@carezonepharm
2 жыл бұрын
it's ₦10,000.
@NyiumaGeorge
4 ай бұрын
Grace good morning I need ur support
@carezonepharm
4 ай бұрын
Hello George, how may I be of help? Thanks for watching
@adewaleadeyemi6934
2 жыл бұрын
Hello ,I will like to consult you for location approval
@carezonepharm
2 жыл бұрын
ok. No problem
@adewaleadeyemi6934
2 жыл бұрын
Kindly let me know how to contact you
@adewaleadeyemi6934
2 жыл бұрын
@@carezonepharm I'm waiting for your response on means to contact you
@carezonepharm
2 жыл бұрын
@@adewaleadeyemi6934 08154445414
@utahfranklin4169
9 ай бұрын
Please how can I get your contact
@VV-vu3eb
Жыл бұрын
hi Grace! I've just found your video and wrote an email to you. Please check your mail ("Cooperation in pharmacy Business Nigeria")
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