15th May, 2020

Vice President Yemi Osinbajo has announced a whooping 80 per cent slash for registration of products with National Agency for Food and Drug Administration and Control (NAFDAC).

He said the slash is for Micro, Small and Medium Enterprises (MSMEs) and that it would last for a duration of six months.

He also explained that the registration of products can be from the comforts of their homes thanks to NAFDAC e-Registration.

“Starting today, 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,” he said on his Instagram page.

“This is thanks to NAFDAC’s e-Registration assistance for MSMEs through the Automated Product Administration and Monitoring System (NAPAMS).

“Also, in recognition of the current economic challenges, we also commissioned additional NAFDAC palliatives for Micro/Small businesses, which includes zero tariffs for the first 200 micro and small businesses to register on the e-platform, and waiver on administrative charges for overdue/late renewal of expired licenses of products for a period 90 days.

“It is quite clear that the President is committed to supporting existing MSMEs and encouraging the rise of new ones, as a sure way energizing and sustaining our economy in these times.

He then went on to praise the NAFDAC boss, Mojisola Adeyeye and her team. “We reserve special commendation to the DG of NAFDAC and her team for this thoughtful and strategic response to the devastation that the COVID-19 pandemic has caused to businesses, especially MSMEs,” he said.

It would be recalled that in 2018, Prof Osinbajo announced approval of reduction for business name registration in Nigeria, slashing the fee to N5,000 from N10,000.

Good one. I can't stop wishing this man was a President. You can see the joy on his face while he was announcing it

That's a man who is willing to serve

Thank you Mr Vice President

This is an opportunity for MSMEs to improve both new and existing and 80% reduction is just like they pay nothing, thanks to VP osinbajo and Nafdac to implement this great opportunity

A very big thanks sir Mr VP Osinbajo

Joyce95:
A very big thanks sir Mr VP Osinbajo

2023 electioneering campaign has started.

I got my eyes on you, Osinbajo.

Joyce95:
A very big thanks sir Mr VP Osinbajo

He's just the Announcer.. You don't need to thank him that much.

This short man still dey naija? I dey think say cabal don deport am for Aso Rock. Nice move sir, but I hate this government oh

all thanks be to Vp osinbajo and DG NAFDAC For this great improvement

Osinbajo announced, who approved? I don't understand the praises on Osinbajo

Woowwww this is a very commendable efforts,thank you prof

celeiyke:
Osinbajo announced, who approved? I don't understand the praises on Osinbajo

I wonder o..

PYO couldn't have announced without the approval of his boss na!

Good initiative by the Government!

Star boy himself PYO

You see why Buhari needs to make way for this man ..this is the only Yoruba man I can support for president

I still don't know the purpose of those pictures this people hang all the time.

We do need to thank him because he's the face we know as far as MSMEs and SMEs are concerned.

He has shaped the scheme and make it reflective and impactful of us the business owners.

Davash222:

He's just the Announcer.. You don't need to thank him that much.

He already have been given go ahead as far as human capital development is concerned bruh. If he got the approve just to discount it, he will say it. When he slashed registration fees for business, did you ask if he got the approve. He's in Charge of this particular one and any call he made, is president call..simple

commoditiesnig:

I wonder o..

PYO couldn't have announced without the approval of his boss na!

Good initiative by the Government!

Nice one able VP

Davash222:

He's just the Announcer.. You don't need to thank him that much.

But if the amount was increased, na still you people go first attack him.

Can't you people stop pokenosing into Nigeria affairs for once cos nothing you guys can ever appreciate.

Hiss!

That's a good one.

helinues:


But if the amount was increased, na still you people go first attack him.

Can't you people stop pokenosing into Nigeria affairs for once cos nothing you guys can ever appreciate.

Hiss!

I can't attack him cos I already know he's not part of the decision making, he's just an announcer.

Davash222:

I can't attack him cos I already know he's not part of the decision making, he's just an announcer.

And you had the gut to type this on social media...

Chei, truly some people can hate you for no reason

helinues:


And you had the gut to type this on social media...

Chei, truly some people can hate you for no reason

Just as you're hating me now for no reason.

Davash222:

Just as you're hating me now for no reason.

You are inconsequential now.. Why should I hate you. Mtcheeeew

Just wondering the motivation behind that reckless statement all in the name of politics.

The funniest part, this is now about self disgrace but the whole region.

You guys should continue

helinues:


You are inconsequential nos.. Why should I hate you. Mtcheeeew

Just wondering the motivation behind that reckless statement all in the name of politics.

The funniest part, this is now about self disgrace but the whole region.

You guys should continue

You're only pained cos I hit where your loyalty lies.

I care not.

Davash222:

You're only pained cos I hit where your loyalty lies.

I care not.

Pained? So I won't have breakfast this morning or I won't enjoy the rest of my weekend....??

You care not right from onset ..

As both presidency and Biafra are unreal, spoilers role is inevitable.

Just wondering the motivation behind that reckless statement all in the name of politics.

The funniest part, this is not about self disgrace but the whole region

helinues:


You care not right from onset ..

As both presidency and Biafra are unreal, spoilers role is inevitable.

Oga, you're distracting my morning safari. Have a nice day and stay out of troubles.

Nice move though

GamalNasser:
You see why Buhari needs to make way for this man ..this is the only Yoruba man I can support for president

So, you don't support Mr Tinubu.