Breakdown of new nafdac tariff and fees for foreign companies

The National Agency for Food and Drug Administration and Control (NAFDAC) in Nigeria has introduced new tariffs and fees for foreign companies operating in the country. Here is a breakdown of the new tariffs and fees:

Registration Fees:

• Foreign companies are required to pay a registration fee of N500,000 (approximately $1,300) for a standard registration.
• For expedited registration, foreign companies are required to pay an additional fee of N250,000 (approximately $650).

Annual Renewal Fees:

• Foreign companies are required to pay an annual renewal fee of N200,000 (approximately $520) for a standard renewal.
• For expedited renewal, foreign companies are required to pay an additional fee of N100,000 (approximately $260).

Product Registration Fees:

• Foreign companies are required to pay a product registration fee of N500,000 (approximately $1,300) per product.
• For expedited product registration, foreign companies are required to pay an additional fee of N250,000 (approximately $650) per product.

Labeling and Packaging Fees:

• Foreign companies are required to pay a labeling and packaging fee of N100,000 (approximately $260) per product.

Inspection Fees:

• Foreign companies are required to pay an inspection fee of N50,000 (approximately $130) per inspection.

Other Fees:

• Foreign companies are required to pay a miscellaneous fee of N20,000 (approximately $52) for services such as document verification and certification.

Total Fees:

• The total fees for foreign companies to register and operate in Nigeria can range from N1.2 million (approximately $3,120) to N2.5 million (approximately $6,500) per year, depending on the type of registration and services required.

Payment Methods:

• Foreign companies can pay the fees in Nigerian Naira (NGN) or US Dollars (USD) through bank transfer or online payment platforms.

Effective Date:

• The new tariffs and fees are effective from January 1, 2023.

Note:

• The fees are subject to change, and foreign companies are advised to check with NAFDAC for the latest information on fees and requirements.
• Foreign companies are also required to comply with other regulations and requirements, such as obtaining a Certificate of Registration and a Product Registration Certificate, and meeting labeling and packaging requirements.