• About Us
  • Privacy Policy
No Result
View All Result
Express Day
  • Home
  • NEWS
    • Politics
    • Health
    • Education
    • Crime
    • Judiciary
    • Environment
    • Science & Technology
  • BUSINESS
    • Finance
    • Insurance
    • Agriculture
    • Aviation
    • Energy
    • ICT
    • Maritime & Transport
  • INVESTIGATIONS
  • ENTERTAINMENT & ARTS
  • SPORTS
Express Day
No Result
View All Result
Home NEWS Health

Covid-19: NAFDAC slashes registration fees for SME’s products by 80%

ExpressDay by ExpressDay
May 16, 2020
in Health, NEWS
0
Covid-19: NAFDAC slashes registration fees for SME’s products by 80%
0
SHARES
15
VIEWS
Share on FacebookShare on Twitter

 

As a way of proactively responding to the challenges posed by Covid-19, the National Agency for Food and Drug Administration and Control (NAFDAC), has offered some palliatives to Micro, Small and Medium Enterprises (MSME) in Nigeria.

Among the many palliatives is the reduction of its tariff by 80 per cent for the registration of Micro and Small Enterprises products for a period of three months.

The Director-General of NAFDAC, Prof. Mojisola Adeyeye, disclosed this in a chat with journalists in Abuja today.

Other palliatives, according to her, include the offering of zero tariffs for first 200 micro and small companies to register their products on the launch day and giving waivers on administrative charges for late renewal of expired licenses for products of micro and small businesses.

She, therefore, encouraged Micro and Small Enterprises within the MSME classes of business to take advantage of these laudable incentives to massively embark on e-registration of their products.

The NAFDAC boss disclosed that her agency carried some major reforms to create an enabling environment for MSMEs businesses to thrive focusing on micro and small companies which has recorded some great achievements.

Some of the achievements, she explained, are the creation of Small Business Support Desk (SBSD) to facilitate registration processes for micro and small business operators; reviewed guidelines for registration of products and uploaded them unto the website and the reduction of requirements for registration of some food and cosmetics products. Granting 50% discount on tariffs for product registration.

Other achievements are the expedited laboratory analysis for samples; allowing micro companies with similar products to share production facility; non engagement of consultants by companies for product registration and instructed them to visit NAFDAC offices directly and 90 working days timeline for product registration, she stated.

Prof. Adeyeye revealed that MSMEs contribute up to 45% of total employment and up to 33% of National Income in emerging economies globally.

While quoting the review of a 2017 survey by National Policy on MSMEs, she said it revealed that there were 41.4 million MSMEs and that about 99% belonged to the micro sub-sector in Nigeria.

Previous Post

Covid-19 war can’t succeed without journalists — Ganduje

Next Post

5,621 cases of Covid-19 tallied in Nigeria

ExpressDay

ExpressDay

Next Post
5,621 cases of Covid-19 tallied in Nigeria

5,621 cases of Covid-19 tallied in Nigeria

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected test

  • Trending
  • Comments
  • Latest
Tinubu appoints new CEO for Refugees Commission

Tinubu appoints new CEO for Refugees Commission

September 15, 2023
Udochi Union celebrates Edo lawyer now Justice Commissioner in Kaduna 

Udochi Union celebrates Edo lawyer now Justice Commissioner in Kaduna 

September 25, 2023
Ofobrukueta lauds Gov Oborevwori for engaging Julius Berger to fix Delta roads

Ofobrukueta lauds Gov Oborevwori for engaging Julius Berger to fix Delta roads

September 22, 2023
Nollywood actress, Queeneth, spurns fan after sending friendship request

Nollywood actress, Queeneth, spurns fan after sending friendship request

October 18, 2022
Cardoso confirmed as CBN Governor

Cardoso confirmed as CBN Governor

September 27, 2023
Petrol Subsidy: NLC, TUC insist on protests today

NLC, TUC declare indefinite strike from October 3

September 27, 2023
Eid-el-maulud: Imbibe virtues of Prophet Muhammad, Tinubu urges Muslims

Eid-el-maulud: Imbibe virtues of Prophet Muhammad, Tinubu urges Muslims

September 27, 2023
Rising Diphtheria deaths: Is FG doing enough to tackle it?

Rising Diphtheria deaths: Is FG doing enough to tackle it?

September 27, 2023

Recent News

Cardoso confirmed as CBN Governor

Cardoso confirmed as CBN Governor

September 27, 2023
Petrol Subsidy: NLC, TUC insist on protests today

NLC, TUC declare indefinite strike from October 3

September 27, 2023
Eid-el-maulud: Imbibe virtues of Prophet Muhammad, Tinubu urges Muslims

Eid-el-maulud: Imbibe virtues of Prophet Muhammad, Tinubu urges Muslims

September 27, 2023
Rising Diphtheria deaths: Is FG doing enough to tackle it?

Rising Diphtheria deaths: Is FG doing enough to tackle it?

September 27, 2023

Follow Us

Browse by Category

  • Agriculture
  • Aviation
  • BUSINESS
  • Crime
  • Economy
  • Education
  • Energy
  • ENTERTAINMENT & ARTS
  • Environment
  • Feature
  • Finance
  • FOREIGN
  • Health
  • ICT
  • Insurance
  • INTERVIEW
  • INVESTIGATIONS
  • Judiciary
  • Maritime & Transport
  • Metro
  • NEWS
  • Oil and Gas
  • OPINION
  • PHOTO NEWS
  • Politics
  • Science & Technology
  • Security
  • SPORTS
  • TOP STORIES
  • Tourism

Recent News

Cardoso confirmed as CBN Governor

Cardoso confirmed as CBN Governor

September 27, 2023
Petrol Subsidy: NLC, TUC insist on protests today

NLC, TUC declare indefinite strike from October 3

September 27, 2023
  • About Us
  • Privacy Policy

© 2022 Express Day

No Result
View All Result
  • Home
  • NEWS
  • BUSINESS
  • INVESTIGATIONS
  • ENTERTAINMENT & ARTS
  • SPORTS

© 2022 Express Day