NAFDAC waive 50 percent of the registration fee for locally manufactured products

   

    National Agency for Food, Drug Administration and Control, NAFDAC, has waived 50 percent of the registration fee for locally manufactured products in a move aimed at incentivizing the Small and Medium Scale Enterprises, SMEs, sub-sector.

   Abubakar Jimoh, NAFDAC spokesperson, in a statement, said the measure was in response to Federal Government’s policy to promote local manufacturing companies in order to boost the domestic economy.

   He explained that the new policy under the leadership of the agency’s acting Director-General, Yetunde Oni, would go a long way to promote economic development.

   The NAFDAC spokesperson explained that in the last seven years, the former NAFDAC Director-General, Dr Paul Orhi, introduced a policy that all young graduates willing to establish businesses would be given waiver.

   He said that the policy was still in existence but young graduates from NYSC were not taking advantage of the policy.

   He further noted that NAFDAC recently established a Small Business Desk to guide people going into SMEs on how to set up their small factories.