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.

Source: https://igbodefender.com/2020/03/06/cost-of-registering-goods-in-nafdac-slashed-by-75-osinbajo/

The next step should include making access to venture capital widely available for tech entrepreneurs as is obtainable in the US.

The best Vice president of Nigeria. We hope the SW will give Osibanjo the 2023 presidential candidate. The North will unite behind him. Because he showed us many times that he is our friend.

Very welcome development.

Well done working VP...

Okay... Now the questions are, What do Produce, Whom to Produce and How to Produce. The economy and environment ain't good for production and you're slashing price for registration. Make the environment conducive for production then you can think of slashing the price.

Osinbajo to the world

Seriously the VP is #OsinbajoTheFixer

Wow! This is a welcome development, thank you sir the VP osinbajo

This is a most business-friendly policy direction. This will greatly improve our ease of doing business ratings by the next review.

I hope this is not audio slash.

NAFDAC charges you over 300k for accelerated approval that will still take months to conclude.

I don't even think the fee itself is the major culprit, time of response should be reviewed.

This e-registration and reduction in cost would lead to more transparency as well as across an area of incentive to rise who didn't register prior due to cost. All of which can only be good for the general populace as better monitoring of products being produced and consumed would ensue.

NAFDAC one very corrupt organisation that pumps money into reputation management and image laundering in the media.

ojokolax:
This e-registration and reduction in cost would lead to more transparency as well as across an area of incentive to rise who didn't register prior due to cost. All of which can only be good for the general populace as better monitoring of products being produced and consumed would ensue.

I agree with you.

Citytrend:
My Brother NAFDAC will disapprove your Product just for the sake of settlement. I have seen that with my eyes before.

So forget NAFDAC registration fee.

Tell Oga at the top to fight corruption and let's stop fooling ourselves in this country!

My.friend if this news is not an audio news, it is welcome development.

Davash222:
Okay... Now the questions are, What do Produce, Whom to Produce and How to Produce. The economy and environment ain't good for production and you're slashing price for registration. Make the environment conducive for production then you can think of slashing the price.

So he should have left cost at the price it was or you are just commenting out of foolishness bigotry n hatred like many of you dead brain n foolish kinsmen.

Kudos to the federal government. Now you don't have excuse for not registering your product

Ease of doing business in Nigeria is getting interesting

So says the mere commissioner

This is interesting for Ease of doing business in Nigeria