Connect with us

Business

NAFDAC suspends new tariffs for drugs, food, others

Published

on

NAFDAC suspends new tariffs for drugs, food, others

The wide outcry that greeted the introduction of new tariffs on pharmaceutical, food and allied products, has forced the National Agency for Food and Drug Administration and Control, NAFDAC, to suspend iits implementation.

The agency announced the suspension of the new tariffs on Friday in a statement signed by its Director of Public Affairs, Dr Abubakar Jimoh, adding that the action was in reaction to the agitations against the new tariffs.

The implementation of the tariffs was expected to have commenced on June 1, but it was resisted by stakeholders.

The statement read in part: ‘In a decisive and quick move to douse tension and assuage the yearnings of stakeholders in the pharmaceutical, food and allied industries, the Governing Council of the National Agency for Food and Drug Administration and Control has suspended implementation of the new tariffs, which came into effect on June 1, 2019.

“After a marathon stakeholders’ forum and meeting of the Governing Council, it was resolved that all NAFDAC stakeholders affected by the new tariffs will henceforth revert to payment of the old tariffs until further notice.”

The Chairman, NAFDAC Governing Council, Mr Inuwa Abdul-Kadir, according to the statement, said that the status quo remained while the agency would continue to dialogue with all the concerned stakeholders on the tariff review and other regulatory issues.

Read also: MAN laments low level of industrialization in the country

Abdul-Kadir, who said the council had considered substantially the inputs of the stakeholders in arriving at a new tariff regime, which would soon be released by the agency after concluding all the necessary procedures, insisted that the suspension of the new tariffs is borne out of NAFDAC’s avowed commitment to the promotion of the growth of Micro, Small and Medium Enterprises in the country.

Join the conversation

Opinions

Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now