Vice President of Nigeria, Prof. YemiOsinbajo in a commendable move has declared a huge cut down on registration cost for products with the National Agency for Food and Drug Administration and Control (NAFDAC). The VP announced that the 80% slash is for Micro, Small and Medium Enterprises (MSMEs) and that will last for up to six months. He also mentioned that the registration has been simplified as interested parties can register via NAFDAC e-Registration platform from the comfort of their homes.
Posting on hisInstagram page he said:“Starting today, our MSMEs can now process the registration of their products with NAFDAC from the comfort of their homes, and at an 80% discounted rate over a period of six months.”
“This is thanks to NAFDAC’s e-Registration assistance for MSMEs through the Automated Product Administration and Monitoring System (NAPAMS).
“Also, in recognition of the current economic challenges, we also commissioned additional NAFDAC palliatives for Micro/Small businesses, which includes zero tariffs for the first 200 micro and small businesses to register on the e-platform and waiver on administrative charges for overdue/late renewal of expired licenses of products for a period 90 days.
“It is quite clear that the President is committed to supporting existing MSMEs and encouraging the rise of new ones, as a sure way energizing and sustaining our economy in these times," he added.