American Council, NAFDAC partner on regulatory, business environment reforms
The Chief Executive Officer, American Business Council, Margaret Olele said, as a Council which aims at promoting Nigeria-America economic partnership, it seeks to support and partner with stakeholders to drive regulatory reforms and improve ease of doing business in the country.
Olele stated this during a breakfast session held with the Director General of NAFDAC, Prof. Christianah Adeyeye and other stakeholders in Lagos.
“As American Business Council, we look at things we can do to drive and improve the business environment, improve the ease of doing business, and one of it is ensuring that we have the right regulatory environment that can help support business, make businesses thrive, so that is why we are having one of these sessions today and the first one we started this year is with the DG of NAFDAC, who has just done her first 90 days,” she said.
In her presentation, Adeyeye said the agency has embarked on setting up new guidelines and regulatory reforms that would enable businesses thrive in the country.
She said most of the regulations, which are obsolete, would be amended and updated with new ones developed, adding that the incorporation of the Information Technology into the agency would enable easy and effective communication within the agency as well as with organisations.
She added that the agency has deployed e-regulatory tools to create an enabling environment for manufacturers as well as the private sectors, adding that she would meet with the private sectors to discuss way forward in doing businesses in the country.
Adeyeye, however, added that, as part of the regulatory reforms, the agency would deploy risk categorization platform for foreign manufacturing facilities and their product in order to checkmate the quality of products imported into Nigeria, as well as blacklist and prosecute erring countries for fake and substandard medicines and narcotics.
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