The Cocoa Processors Association of Nigeria has raised the alarm about the Export Regulations 2024 proposed by the National Agency for Food and Drug Administration and Control .
“Sections 3, 4, and 17 of the proposed bill provide – Section 3 Application for export Application for export of regulated product shall be made by submitting a complete application form, accompanied by relevant documents as the agency may, from time to time, prescribe and shall – contain the particulars and description of the relevant product, in respect of which the application is made; and be accompanied by such fee as the agency may, from time to time,...
Oladunjoye said only four out of the cocoa processing factories are in operation, which owes to their businesses experiencing a downturn as a result of the country’s economic situation, warning that passing the proposed draft bill sponsored by NAFDAC will worsen the economic situation. The Cocoa Processors Association of Nigeria has raised the alarm about the Export Regulations 2024 proposed by the National Agency for Food and Drug Administration and Control . The association said it is capable of killing their business with multiple taxes, as the agency lacks both the infrastructure and human capabilities to regulate numerous…