Influx of Psychotropic Drugs Fueling Terrorism, Insecurity, Says NAFDAC thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.
By Onyebuchi Ezigbo
The National Agency for Food and Drug Administration and Control (NAFDAC) has linked the current challenge of internal security within the country to uncontrolled influx and use of psychotropic medicines such as Tramadol and other chemicals.
The agency warned that henceforth, it will not hesitate to drag any importer or clearing agent found to be involved in fraudulent activities at the country’s ports before the court.
The Director General of NAFDAC, Prof. Mojisola Adeyeye, gave the warning in Abuja at a virtual sensitization workshop organized by the Agency for stakeholders in the Export and Import Trade activities at the nation’s ports, which included the National Association of Chambers of Commerce, Mine, and Agriculture (NACCIMA), Manufacturers Association of Nigeria (MAN), Nigeria Customs Service (NCS), Standard Organisation of Nigeria (SON) and multinationals, amongst others.
The National Agency for Food and Drug Administration and Control (NAFDAC) has linked the current challenge of internal security within the country to uncontrolled influx and use of psychotropic medicines such as Tramadol and other chemicals.
Amid sustained industry headwinds, any respite for manufacturers in 2021? thecable.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thecable.ng Daily Mail and Mail on Sunday newspapers.
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’Femi Asu
Most manufacturers have said the commercial banks’ lending rates are discouraging productivity in the nation’s manufacturing sector, the Manufacturers Association of Nigeria has said.
MAN revealed in a report that 71 per cent of Chief Executive Officers interviewed “disagreed that the rate at which commercial banks lend to manufacturers encourages productivity in the sector.”
It said the cost of borrowing in the country remained at double digits even amidst the reforms meant to culminate in lower rates to engender the country’s economic recovery process.
The report said, “Special single digit loans offered by development banks are still hard to leverage as conditionalities to assess the loans through commercial banks are often overwhelming and laden with additional charges that will eventually make the interest rate double digit.