- The federal government indeed has the interest of Nigerians at heart
- To help small businesses at a time when coronavirus is taking its toll on economies, the federal government has fixed a waiver for the registration of certain products
- Specifically, the government has slashed the cost of registering products with NAFDAC by 80%
In its unrelenting efforts to help cushion the economic effects of the coronavirus pandemic on businesses, the presidency has slashed the cost of registering products with the National Agency for Food Drug Administration and Control (NAFDAC) by 80%.
This decision was announced by the vice president, Yemi Osinbajo, who on Friday, May 15, also disclosed that the gesture by the government will last for a period of six months.
Osinbajo said: "Starting today (Friday), our MSMEs can now process the registration of their products with NAFDAC from the comfort of their homes, and at an 80% discounted rate over a period of six months."
The vice president added that this move is in keeping with the objectives of the sustainability plan, such as stimulation of significant local production, to save jobs, create new ones and also protect the most vulnerable and the working poor.
Added to this, the number two citizen of Nigeria made it clear that there will also be Zero tariffs for the first 200 businesses to register on the e-platform, as well as a waiver on administrative charges.
He was quoted to have said: “...of importance to the government's response was to find ways of not just giving succour and assistance to existing MSMEs but also ensuring that there is practical and active fillip to new MSMEs so that the growth of this sector is not discouraged by the current economic trauma.
“This is our moment and the government of Nigeria and its regulatory agencies are prepared to back MSMEs and other businesses that are prepared for the innovative and interesting times that lie ahead of us.”
Meanwhile, Legit.ng reported that the federal government had vowed to lockdown parts of the country again should there be a spike in coronavirus cases.
This was revealed during the daily briefing of the Presidential Task Force on COVID-19 on Monday, May 4.
Speaking at the briefing, the director-general of the Nigeria Centre for Disease Control (NCDC), Dr Chikwe Ihekweazu, lamented that many banks flouted the NCDC’s guideline for social distancing, infection prevention and control.
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Coronavirus: Ease of lockdown is best for us - Nigerians | Legit TV