NAFDAC eases business for MSMEs
• To Offer Zero Tariff To First 200 Firms To Register Products
In compliance with the Executive Order on the ease of doing business, as well as proactive response to the challenges of COVID-19 pandemic, the National Agency for Food and Drug Administration Control (NAFDAC), Friday, said it has instituted palliatives for Micro, Small, and Medium Enterprises (MSMEs) in Nigeria
The Director General of NAFDAC, Prof. Christianah Mojisola Adeyeye, said the agency was doing this via reduction in registration fees, and assisted e-registration through NAFDAC Automated Product Administration and Monitoring System (NAPAMS). The MSMEs palliative programme would run concurrently in the six geo-political zones plus Federal Capital Territory (FCT) and Lagos State.
Adeyeye, at a Virtual Launch, yesterday, to kick-start the programme, outlined the palliative as offering zero tariffs for first 200 micro and small companies to register their products from the launch day; 80 per cent reduction in tariffs for the registration of micro and small enterprise products for a period of three months and giving waivers on administrative charges for late renewal of expired licences for products of micro and small businesses.
The Vice President, Prof. Yemi Osinbajo, commended the DG NAFDAC and her team for the thoughtful and strategic response to the devastation caused by COVID-19 to businesses, especially the MSMES here in Nigeria and world wide.