In a bid to additional assist MSMEs on this financial trauma, the Federal Authorities of Nigeria by the workplace of the Vice President – Prof. Yemi Osinbajo has introduced an 80% discounted charge of registration of their merchandise with NAFDAC for a interval of six months. This he mentioned might be achieved from their properties by the Automated Product Administration and Monitoring System (NAPAMS).
In line with his assertion on social media, it reads thus:
“Beginning right now, our MSMEs can now course of the registration of their merchandise with NAFDAC from the consolation of their properties, and at an 80% discounted charge over a interval of six months. That is because of NAFDAC’s e-Registration help for MSMEs by the Automated Product Administration and Monitoring System (NAPAMS).
Additionally, in recognition of the present financial challenges, we additionally commissioned extra NAFDAC palliative for Micro/Small companies, which incorporates zero tarrifs for the primary 200 micro and small companies to register on the e-platform, and waiver on administrative fees for overdue/late renewal of expired licenses of merchandise for a interval of 90 days.
It’s fairly clear that the President is dedicated to supporting present MSMEs and inspiring the rise of recent ones, as a certain method energizing and sustaining our financial system by these instances.
We reserve particular commendation to the DG of NAFDAC and her staff for this considerate and strategic response to the devastation that the COVID-19 pandemic has brought about to companies, particularly MSMEs.”