The National Agency for Food Drugs Administration and Control (NAFDAC) has suspended the approval of its new tariff.
The suspension of the approved tariff was necessitated by the public outcry that followed increment of tariff by the regulatory body for many consumer products, including foods and drugs.
According to a document seen by ALEDEH and addressed to the President, Nigerian Representatives of Overseas Pharmaceutical Manufacturers, the Director-General of the Agency, Prof. Mojisola Adeyeye said the complaints of several stakeholders was received by NAFDAC, hence its decision to hold a stakeholders meeting, to enable the reviewing of the new tariff.
The decision to suspend the approved tariff was reached after a meeting with stakeholders on Wednesday, the 19th of June.
Recall that NAFDAC had increased its tariff on regulated commodities, by over 150%. This was greeted with criticisms by members of the public with increased hardship, the huge presence of fake products, difficulties for small and medium scale industries, increase in cost of production and consequent increase in prices of commodities as risks that may arise from such upward review.