Fix regulatory issues for ease of doing business, LCCI urges FG
The Lagos Chamber of Commerce and Industry, (LCCI), has described the poor regulatory framework and activities of regulators in the country as bottlenecks inhibiting the growth of businesses in the country.
The Chairman, Medical, Pharmaceutical, and Allied Service Group, LCCI, Megbuwawon Adekunle, explained that if the present administration must harp on ease of doing business, it must first address issues around regulation.
Adekunle at a stakeholders’ engagement tagged: “Ease of doing healthcare business with NAFDAC, SON and Custom” said: “We cannot have regulators that are bottlenecks to our business. If doing business in Nigeria is too difficult, it would only discourage investment. There are too many issues surrounding tariffs, policies that are making a return on investment not achievable”.
According to him, Nigeria has the largest number of the poorest people in the world, saying that poverty is palpable.
“To address this, we have to encourage entrepreneurship, local industries to employ teeming unemployed youths. For us to have quality health, we must create wealth,” he said.
He added that to tackle the problem of brain drain in Nigeria, there must be ease of doing business in the health sector, stressing that practitioners are finding it tough to operate in the harsh business terrain.
The Assistant Director, Registration and Regulatory Affairs, National Agency for Food and Drug Administration and Control (NAFDAC), Ugwu Declan Agu, noted some of the strategies deployed by NAFDAC to promote ease of doing business in the country include, publishing review guidelines on its website, issuing Service Level Agreements (SLA), and developing regulatory timelines for food and drugs.
He also added that there is an ongoing review of its regulations to remove ambiguities and ensure best practices, stating that the agency is also reviewing its laws to serve as a deterrent to unscrupulous activities.
The Head, Customer Feedback and Collaboration, Standards Organisation of Nigeria (SON), Mosunmola Samuel, representing the Director-General, SON, Osita Aboloma, listed some of the key achievements of SON in the ease of doing business programme to include transparent service delivery through placement of information on website for easy access, electronic services for key activities such as the Mandatory Conformity Assessment Programme (MANCAP) for locally manufactured products, off-shore Conformity Assessment Programme (SONCAP) for imported products and Management Systems’ Certification among others.
According to him, included are the reduction of service charges for the purchase of standards, testing and training for micro, small and medium enterprises (MSMEs), reduction in the processing time for products certification to 60 days and electronic laboratory results.
He said the activities of the agency were primarily aimed at protecting lives and property, promoting access to local and foreign markets for locally- made products through improved consumer confidence as well as value addition to business in general.
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