The Governing Council of the National Agency for Food, Drug Administration and Control (NAFDAC), said it has suspended implementation of the new tariffs which came into effect on 1st June, 2019.
The move, NAFDAC said is to douse tension and assuage the yearnings of stakeholders in the pharmaceutical, food and allied industries.
According to a statement signed by the director, Public Affairs, NAFDAC, Dr. Abubakar Jimoh, the decision was reached after a marathon stakeholders forum and meeting of the Governing Council.
This decision was disclosed by the chairman of the council, Mr Inuwa Abdul-kadir. He said that the suspension of the new tariff is borne out of NAFDAC avowed commitment to the promotion of the growth of Micro, Small and Medium Enterprises (MSMEs) in the country.
This is good news for SMEs. After the complaints from various business owners, it serves as a relief that NAFDAC considers the welfare and opportunities of business owners.