The Lucrative Nature of Pharmacy In Nigeria

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This post shows how lucrative pharmacy is in Nigeria today. It also provides information on the career path and how much money a pharmacist salary is in the country this 2020.

pharmacist

Many questions arises concerning the lucrativesss of pharmacy as a profitable career in the country. Since many people are always inquisitive concerning the benefits of many professional courses in the country, we deemed it that the subject of pharmacy cannot be left behind. Just like medicine and surgery, pharmacists are highly respected in the country since they work hand in hand with doctors in the health sector.

With the current economic situation of the country, coupled with the fact that Nigeria is in a development phase, there are benefits attached to various professional courses which are offered in universities and pharmacy cannot be excluded. The reason those who study thesee courses are often regarded as high earners in the country is because there services are of top most value.

Remembering also the fact that pharmacy is one of the top professional courses in the country that people study without the fear of being unemployed, since it’s value is appreciated all over the globe. Before I detail further into the lucrativene naature of pharmacy, I would like to enlighten us on what pharmacy is all about.

Pharmacy is regarded as the science and practice of discovering, producing, preparing, dispensing, and reviewing drugs aimed to ensure safe, effective and affordable use of drugs. Pharmacist are therefore regarded as the experts on drug therapy and are primary health professionals who optimize the use of medications for the benefits of the patient.

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Contents

How Much Is The Average Income Or Salary Of A Pharmacist

The salary of a pharmacist depends on many factors such as the place of work and the level of academic qualifications of such person involved.

Pharmacist working under the federal government may receive more earnings as compared to a pharmacist working for a local shop or store. On the hand a pharmacist shop might still generate more income than a drug store controlled by the federal government. It all depends on the various body you are working for.

Pharmacist working for the government body are paid according to levels. The salary of a chief pharmacist is more than that of an entry level pharmacist. Am going to be classifing the salaries of pharmacist according to their levels and years of work experience.

Earnings Of Pharmacist Working With The Government In The Health Sector/Hospital

  • Entry levels with 0 – 2 years of working experience earn up to N80,000 – N150,000 per month.
  • Mid level with 2 – 5 years of working experience can earn up to N200,000  – N250,000 as monthly salary.
  • The experienced workers with more than 10yrs of working experience is paid from N250,000 to N400,000 per month as salary

Apart from the salaries mentioned above, pharmacists still earn lots of money working in private sectors. A pharmacist work as a health consultant in any private oganization and can also go into the entrepreneurship aspect of pharmacy. This is done by investing in companies that produce drugs, or establishing his own pharmacy firm.

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The opportunities of a pharmacist are endless, which is why the course is a lucrative one. With so many branches to invest into and many ideas to come up with, if you are deciding whether to become a pharmacist or not, I think definitely you are making the right decision if you decide to do it.

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