The National Agency for Food and Drug Administration and Control, NAFDAC, has rolled out strategies to help Micro Small and Medium Enterprises survive the temporary economic fallouts occasioned by the fuel subsidy removal.

The Director-General of the agency, Mojisola Adeyeye, disclosed this in a statement issued to newsmen on Monday in Abuja by NAFDAC media consultant, Olusayo Akintola.

Adeyeye said the new set of strategies was targeted to help MSMEs survive the economic situation from the fuel subsidy removal and to enhance the ease of doing business in Nigeria.

She added that the agency had reviewed downward, the present administrative charges for late renewal of NAFDAC-regulated products to make the business environment more investment-friendly in a quick response to the realities of the time. Abducted Our Father, Police Killed Him – Family | Punch

“This translates to a 65 percent decrease in processing fees for the renewal of registration for locally manufactured products (which will be N44,200),” she said.

This is against what is currently charged and 45 percent of the processing fee for foreign products (which will be $ 450) as against what is currently charged.

She noted, “In addition, the agency has also granted a 10 percent review of tariff structure for facility and inspection fees for Special Economic Zones as businesses across the world confront the disruptions caused by the global economic meltdown.