If you are a small business owner looking to register a product with the National Agency for Food, Drug Administration and Control, NAFDAC; here is some good news.

The agency wants to encourage you.

NAFDAC has waived 50% on registration fee for locally manufactured products just to help small businesses grow.

NAFDAC spokesperson, Dr Abubakar Jimoh, told newsmen in Abuja on Friday that the measure would go a long way to promote economic development.

He said the move is also to prevent some licenced agents from “extorting money from innocent Nigerians in the name of NAFDAC registration.”

“Sometime back, we discovered that a lot of people were extorting money from Nigerians for registration fee of products. We decided to license some consultants who are professionals.

“But those unscrupulous elements fizzled into the consultancy firm that registered with us and continued their extortion from potential entrepreneurs.

“They collect as much N250,000 to N300,000 for registration of less than N50,000, claiming that part of the money will be used to settle NAFDAC officials.

“The agency has taken decision to stop them after the expiration of their licenses; we will stop them and deal directly with intending manufacturers,” he said.