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Business News of Saturday, 16 May 2020

Source: www.mynigeria.com

FG vows to soften the ground for businesses post-COVID-19

Vice President, Yemi Osinbajo Vice President, Yemi Osinbajo

The Federal Government has promised to help businesses grow despite the adverse effects of coronavirus to the economy.

This promise was reiterated by Vice President, Yemi Osinbajo in a tweet.

He used that avenue to introduce the NAFDAC's Automated Product Administration and Monitory systems where MSMEs can now register and certify their products at an 80% discount rate for the period of 6 months.

He also included other measures introduced by the Government to counter coronavirus effects on the economy like zero tariffs for first 200 people to register on the platform and a waiver of late admin charges.



Osinbajo thanked the DG of NAFDAC, Professor Mojisola Adeyeye and her team for this initiative which is very strategic in a world where modes of doing business is changing rapidly.