- July 26, 2021
- Posted by: adminer
- Category: Trade and Industry
Prof. Mojisola Adeyeye, the Director General of the National Agency for Food and Drug Administration and Control (NAFDAC), has said that Micro, Small and Medium Enterprises (MSMEs) were too critical a sector to be ignored.
A statement by the Agency’s resident media consultant, Mr Olusayo Akintola, in Abuja, quoted Adeyeye as reiterating the important role MSMEs played in the nation ‘s economy.
The DG pledged that the agency would continue to render its support to enable them continue to act as catalysts to economic rejuvenation.
The Director General (DG) said that globally MSMEs had contributed up to 45 per cent of total employment and 33 per cent of Gross Domestic Product (GDP) in emerging economies.
“In a recent review of a 2017 survey on MSMEs, it is revealed that in Nigeria, there were 41.4 million MSMEs and about 99 per cent belong to the micro sub-sector, which is the bedrock of Nigeria’s industrialization.
“This is the most important component of industrialisation as set out in the Economic Recovery and Growth Plan of the federal government, the significance of MSMEs in the nation’s economy is critical.
Adeyeye urged entrepreneurs to be patient in obtaining NAFDAC’s certification before exporting goods, especially in the light of the revamped relationship between them and the agency in recent times.
“NAFDAC’s timeline for the processing of products for registration is 90 days and there is consistent efforts to ensure timelines are met, amongst which are the deployment of a robust e-registration platform.