• Wednesday, May 01, 2024
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BusinessDay

NAFDAC suspends new SMEs tariff hike

Mojisola Adeyeye

The National Agency for Food and Drugs Administration and Control (NAFDAC) Thursday suspended the recent hike in fees for registration, lab analysis, change of company’s name and package size extension among others it imposed on operators of small and medium-scale enterprises (SMEs).

The suspension came after members of NAFDAC’s governing council board met to deliberate more about the issue.

A document seen by BusinessDay and signed by Mojisola Adeyeye, director general of NAFDAC, stated that the observations by various stakeholders in the sector on the new tariff hike had been reviewed and the regulator’s governing council agreed to suspend the tariffs pending engagement with stakeholders on the issue.

“The council in a meeting yesterday considered the observations from stakeholders and agreed to meet with them over the issue with a view to reviewing the tariffs,” Adeyeye said in the statement dated Thursday, June 20, 2019.

“Meanwhile the approved tariffs have been suspended pending the outcome of the meeting with stakeholders,” she added.

BusinessDay had on Monday reported the complaints of various operators of small business in the country over the new increases in fees.

All of them who spoke to BusinessDay said NAFDAC did not engage them before increasing the tariffs by over 600percent in some cases.

Reacting to the suspension, Femi Egbesola, national president, Association of Small Business Owners of Nigeria (ASBON) said that SMEs were happy with NAFDAC over the recent suspension of the new tariffs.

“If government does anything that really will impact negatively on us as citizens and business operators, either in a sector or collectively, we all must come together to fight a common cause, without fear or favour, with which much really and truly can be achieved,” Egbesola said.

“That is what we have done with the recent hike and now the regulators are willing to engage us in reviewing the tariffs,” he added.