The National Agency for Food, Drug Administration and Control (NAFDAC) has slashed the fee of registering products by 50%.
NAFDAC’s Assistant Director in charge of Food Safety and Applied Nutrition, Mr Venatus Ihekire, stated this while delivering a lecture in Enugu titled “MSME Registration and Ease of Doing Business’’.
According to him, NAFDAC’s registration of products started in March 2018 and so far, it has covered products from the five states of the Southeast, which include Abia, Anambra, Ebonyi, Enugu and Imo.
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Ihekire added that 601 MSMEs have been registered since last year in line with the Presidential Executive Order on Ease of Doing Business (EODB). NAFDAC is one of the key agencies that drive the order.
“Under the period under review, which is between March 2018 and June 2019, we registered 601 MSMEs products from the five states in the Southeast.These products range from sachet and table water, rice products, bread products, confectionaries, local snacks, honey, spices, liquid soap, car wash, as well as processed and packaged farm produce.The bulk of the registration came from the water business, especially those that came to seek for re-registration.”
Meanwhile, in addition to reducing NAFDAC’s cost of product registration has been reduced, Ihekire disclosed that the agency has also streamlined the registration process and removed all bottlenecks in the exercise to enable easier and more accessible application process for new applicants.
Now it is possible to get NAFDAC registration and product’s NAFDAC number within 60 days of application.
What this means: This cut-down in product registration cost by NAFDAC will make it easier for more MSMEs to register their products and obtain their licenses. It will also support the establishment of small businesses across the country, a situation that will benefit the economy in general.