Former president of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Dele Oye, has raised concerns over what he describes as punitive and investment-discouraging practices by regulatory agencies in Nigeria, particularly the National Agency for Food and Drug Administration and Control (NAFDAC).
Speaking on The Coffee Table podcast hosted by Nairametrics, Oye alleged that NAFDAC now requires companies to bear the financial burden of enforcement actions taken against them, including raids and factory closures.
“Do you know in NAFDAC now, you pay them when they raid you? Go and check. When they raid you, you pay for the cost of raiding you. I can show you,” Oye said.
“You pay if they come to seal up your factory. You now pay for the police, pay for everything. This is how ridiculous these things are. I think all of them are playing to the gallery.”