The cost of registering new products with NAFDAC has been slashed by 75%. This welcome piece of info was contained in a press release by the office of Vice President Yemi Osinbajo.
The previously high cost of NAFDAC registration for food products is known to have discouraged many entrepreneurs who couldn’t pay hundreds of thousands to register their products.
Many of these entrepreneurs were forced to abandon their business dreams and projects after spending from their tight purse to some extent.
But the Vice President said:
“The rollout of NAFDAC’s e-registration platform and a 75% cost-reduction for product registration is a great opportunity for registering products just at 25% of what it used to cost to register products.”
Kudos to FG for this people-friendly policy. Like Oliver Twist, the people ask for more.