NAFDAC crashes MSMEs registration fee by 50 %

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KANO, NOVEMBER 17, 2017 – The National Agency for Food, Drugs Administration and Control (NAFDAC) has reduced the cost of registring products from Micro, Small and Medium Enterprises (MSMEs) by 50 per cent for companies with five or less than five employees, in line with Federal Government’s policy on Ease of Doing Business (EDB).

Speaking during NAFDAC Stakeholders Consultative Forum on Ease of Doing Business in Nigeria, at Mambayya House, Kano yesterday, the Acting Director-General of NAFDAC, Mr. Ademola Mogbojuri, who was represented by NAFDAC Director, Special Duties, Dr. Abubakar Jimoh, explained that the rationale behind the reduction was to encourage MSMES to solidly stand on their feet and continue to contribute their quota to the economic development of the country.

He also stated that NAFDAC has also concluded plans to reduce registration time by 90 days, adding that, “NAFDAC is to implement 50 per cent reduction in cost of registration of products for companies with five or less than five employees.”

According to him, NAFDAC has also worked out modalities for the establishment of Small Business Support Desk (SBSD) to guide small business through registration process, which will also serve as enquiry point for small business on regulatory issues.

DCSL 90X780

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