Business Insight

The New 80% Discount On NAFDAC Registration (2021 Updated)

The Federal Government has announced that new Micro Small and Medium Enterprises (MSMEs) will access National Agency for Food and Drug Administration and Control NAFDAC registration of their products at an 80% discount.

Click HERE to access the NAFDAC registration page for MSMEs

This discount covers for: Application forms, Registration fee and Inspection fee which are paid annually.

Eligibility: This concession covers MSMEs that are into production of foods, drugs, and related consumables.

MSME Classification adopted from National Policy on MSMEs:

 Size CategoryEmployment
1Micro EnterprisesLess than 10
2Small Enterprises10-49
3Medium Enterprises50-199

The Real Reason Why NAFDAC is Giving MSME 80% Discounts On Registration

This initiative is in a bid to motivate business to make use of the NAFDAC’s e-Registration assistance for MSMEs through the Automated Product Administration and Monitoring System (NAPAMS). As well as in recognition of the current economic challenges.

Additionally, there is also a zero tariffs incentive for the first 200 micro and small businesses to register on the e-platform, and waiver on administrative charges for overdue/late renewal of expired licenses of products for a period 90 days.

The aim is to remove critical bottlenecks and bureaucratic red tapes that hinder the smooth registration and regulatory activities of MSMEs

Below is the breakdown of the applicability of the 80% discount.

 MICROSCALE FOOD
 OLD AMOUNTNEW AMOUNT AFTER 80% REDUCTIONVATTOTAL NEW AMOUNT
APPLICATION FORM2500500 500
REGISTRATION FEE2200044003304730
INSPECTION FEE1100022001652365
TOTAL35500  7595
MEDIUM SCALE COSMETICS
 OLD AMOUNTNEW AMOUNT AFTER 80% REDUCTIONVATTOTAL NEW AMOUNT
APPLICATION FORM2500500 500
REGISTRATION FEE2200044003304730
INSPECTION FEE1500030002253225
TOTAL39500  8455
  

 

 

   
SMALL SCALE FOOD
 OLD AMOUNTNEW AMOUNT AFTER 80% REDUCTIONVATTOTAL NEW AMOUNT
APPLICATION FORM2500500 500
REGISTRATION FEE3000060004506450
INSPECTION FEE3000060004506450
TOTAL62500  13400
 

 

 

    
SMALL SCALE COSMETICS
 OLD AMOUNTNEW AMOUNT AFTER 80% REDUCTIONVATTOTAL NEW AMOUNT
APPLICATION FORM2500500 500
REGISTRATION FEE660001320099014190
INSPECTION FEE3000060004506450
TOTAL98500  21140

Please note that the reduced tariff will be in existence for only three (3) months effective from 15th May, 2020.

2021 NAFDAC Registration Update: Guaranteed Off-take Stimulus scheme For MSMEs

On February 9th 2021, the Nigerian government launched a new programme themed Guaranteed Off-take Stimulus scheme (GOS) to support 100,000 Micro, Small and Medium-sized (MSMEs) businesses in Nigeria.

NAFDAC REGISTRATION NAFDAC 2021 UPDATE

Summary of NAFDAC Registration processes with timelines

  1. Submission of Application – 0 days
  2. Document Verification – 10 days
  3. Facility Inspection/Sampling – 10 days for Food, 20 days for Drugs
  4. Laboratory Analysis – 30 days for Food, 40 days for Drugs
  5. Final Vetting – 10 days
  6. Approval Meeting/Issuance of NAFDAC registration Number(Certificate of registration) – 20 days

Total number of days: 90 days for Food, 120 days for Drugs

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