Nafdac cuts registration fee 50 simplifies processes

According to recent reports, the National Agency for Food and Drug Administration and Control (NAFDAC) has taken steps to reduce the registration fee for food and drug products by 50% and simplify the registration process.

Here are some key points about the development:

50% reduction in registration fee: NAFDAC has reduced the registration fee for food and drug products by 50%, making it more affordable for manufacturers and importers to register their products.

Simplified registration process: The agency has also simplified the registration process, which is expected to reduce the time and cost associated with registering products. The simplified process is designed to make it easier for manufacturers and importers to comply with regulatory requirements.

Benefits to stakeholders: The reduction in registration fee and simplification of the registration process are expected to benefit stakeholders in the food and drug industry, including manufacturers, importers, and consumers. The measures are expected to promote the growth of the industry, improve the availability of quality products, and enhance consumer protection.

NAFDAC's commitment to regulatory excellence: The agency's decision to reduce the registration fee and simplify the registration process is a demonstration of its commitment to regulatory excellence and its desire to create a conducive environment for businesses to thrive.

Impact on the economy: The reduction in registration fee and simplification of the registration process are expected to have a positive impact on the economy, as they will encourage more businesses to operate in the food and drug industry, create jobs, and stimulate economic growth.

Overall, the decision by NAFDAC to reduce the registration fee and simplify the registration process is a welcome development that is expected to benefit stakeholders in the food and drug industry and promote the growth of the industry.