The National Agency for Food and Drug Administration and Control (NAFDAC) has asked the Micro Small and Medium Enterprises (MSMEs) in Nigeria to take advantage of the Africa Continental Free Trade Zone Area (AfCFTA) agreement to expand their business frontiers and enter the global market.
The Director-General of the agency, Prof. Mojisola Adeyeye, said the agency is determined to encourage the businesses to key into the initiative.
According to her, this will help to fast-track the much expected transformation of the Nigerian economy.
A statement signed by the Resident Media Consultant, Sayo Akintola, yesterday, quoted Adeyeye as having made the assertion during a sensitisation webinar on the roles of NAFDAC in the implementation of Africa Continental Free Trade Area AfCFTA agreement last Friday.
The NAFDAC DG said the success in the venture requires active involvement of the agency with the movement of goods in the markets of Africa free zone area while at the same time safeguarding and ensuring that the expected quality, wholesomeness, and efficacy to human and animal health are guaranteed.
The AfCFTA agreement, which took effect on January 1, 2021, covers trade in goods and services, investment, intellectual property rights and competition policy.
It is aimed at creating a single market for goods and services in 55 African Unity (AU) member states. It is also aimed to liberalise and facilitate the movement of people, investment, and business across the continent. (ThisDay)