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Business News of Tuesday, 10 November 2020

Source: dailytrust.com

MSMEs can end unemployment - NAFDAC

File photo: NAFDAC logo File photo: NAFDAC logo

The Micro, Small & Medium Enterprises (MSMEs) could get Nigeria out of the present predicament of unacceptable rate of unemployment, illicit financial engagements, among others.

This was the submission of the Director-General of the National Agency for Food and Drug Administration and Control (NAFDAC), Prof Mojisola Adeyeye during the National Trade and Investment Summit, 2020 held recently.

She stressed the need to recognise the role of MSMEs in employment provision while urging the government to encourage, grow and support the sub-sector.

Adeyeye noted that NAFDAC alongside other national stakeholders on the National Action Committee (NAC) for the implementation of African Continental Free Trade Agreement (AfCFTA), is fully and totally committed to its successful implementation, once it comes into effect next year.

Upon formalization of processes, she said MSMEs would get involved in the export of regulated products including Food, Shea Butter and honey to mention, among others.

“I would however like the Industry to support NAFDAC by adhering to the agency’s laws, regulations, and guidelines while doing business to ensure quality standards and safety,” she said.