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National Agency for Food, Drug Administration and Control (NAFDAC)‘s Governing Council has moved to suspend the implementation of new tariffs.
The body which explained that the action was taken due to the tension and to curb the yearnings of stakeholders in the pharmaceutical, food and allied industries.
The new move is to take effect 1st July 2019.
NAFDAC’s Director, Public Affairs, Dr. Abubakar Jimoh explained that the decision was made following a marathon stakeholders’ forum meeting of the Governing Council, held recently in Lagos.
“After a marathon stakeholders forum and meeting of the governing council, it was resolved that all NAFDAC stakeholders affected by the new tariff will henceforth revert to payment of the old tariff until further notice.
“The council has considered substantially the inputs of the stakeholders in arriving at a new tariff regime which will soon be released by the agency after doing all the needful including sensitizing the public before it becomes effective,” Abdul-kadir. said.
NAFDAC said the suspension is a reflection of it’s a commitment to the promotion of the growth of Micro, Small and Medium Enterprises (MSMEs) in the country.
Abdul-kadir said “We need to promote local manufacture of regulated products as part of Federal Government concerted efforts to create jobs and increase foreign exchange earnings by our dear nation.
“Nigeria has the potential of producing pharmaceutical products for the domestic consumption and export to West African Countries,” Abdul-kadir added.
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