Business
NAFDAC Warns Against Buying Expired Products
The National Agency
for Food, Drug Administration and Control (NAFDAC), has advised Nigerians to guard against buying expired products during the yuletide.
The South-East Zonal Coordinator of NAFDAC, Mr. Dauda Gimba gave the advice in Enugu while speaking with newsmen on Thursday on the Agency’s planned mop-up of expired products from the market.
According to Gimba, Nigerians can avoid buying expired products by scrutinising the validity signs printed on them.
“It is getting to the end of the year, a seasonal period where a lot of purchases are made and people bring out a lot of commodities.
“My advice to the consumer would be to be extra vigilant; scrutinise what you want to buy, look at it very carefully.
“Check the expiring date; check the validity signs on that product before you make your purchase otherwise there are tremendous risks.
“However, on our own, we do go round and we would intensify that and wherever we find illegalities, we would take necessary action.”
The zonal coordinator stated that it is likely that nefarious and unscrupulous traders will use the Christmas time to push to the market expired or near-expired products for unsuspecting members of the public to buy.
He urged mobile marketers of products regulated by NAFDAC to adhere strictly to the guideline for such activity as provided by the agency to avoid breaking the law.
“Payment of tuition fees for undergraduate/postgraduate studies shall be subject to a maximum limit of $25,000.00 per semester,” the Manual states.
The expansion of international card limits also reflects growing confidence among lenders that foreign exchange liquidity has improved enough to support retail dollar transactions.
Speaking recently at the BusinessDay 14th Annual CEO Forum in Lagos, CBN Olayemi Cardoso, governor of the CBN said buying and selling activities now increasingly determine outcomes in the foreign exchange market, unlike in the past when market participants relied heavily on routine Central Bank interventions.
According to Cardoso, Nigeria’s net foreign exchange reserves have risen from just over $3 billion at the start of the reform programme to more than $40 billion, while gross reserves have climbed to about $52 billion, providing stronger confidence for investors and enabling the Central Bank to reserve interventions for periods of market stress rather than day-to-day liquidity management.
The restoration and expansion of international naira card spending limits are increasingly being seen as one of the clearest signs that the benefits of the CBN’s foreign exchange reforms are beginning to reach households, students and businesses making legitimate cross-border payments.
The Secretary-General and Chief Executive Officer, WEC, Dr Angela Wilkinson, disclosed this in a statement, last Thursday.
“Nigeria’s participation comes at a pivotal time as the country seeks to expand energy access, strengthen energy security, accelerate gas development and mobilise the capital required for industrialisation and sustainable economic growth.
“WEC Nigeria will convene leaders from across the energy ecosystem, apply the WEC’s globally recognised Energy Trilemma framework to Nigeria’s unique context, and promote evidence-based dialogue, practical collaboration and informed policymaking.
“It will also ensure that Nigerian and broader African perspectives contribute meaningfully to global energy conversations,” she said.
Wilkinson expressed confidence that Nigeria would play a significant leadership role at the World Energy Congress scheduled for Riyadh in April 2027 and beyond.
The statement also quoted the Chairman of WEC Nigeria, Isa, as describing the country’s participation as an opportunity to deepen national and African leadership within the global energy community through practical solutions tailored to regional development priorities.
He said the platform would promote collaboration across sectors and attract sustainable investments into Nigeria’s energy sector.
The Chief Executive Officer of WEC Nigeria, Wunti, was quoted in the statement as saying that the council would connect leadership, evidence and investment to build a secure, affordable and sustainable energy system.
“This system will be capable of driving economic growth and shared prosperity.”
According to him, the platform will also connect Nigerian institutions and businesses with international knowledge, technology, partnerships and investment opportunities through the World Energy Council’s global network.
Recall that WEC, founded in 1923, is the world’s oldest independent and impartial community of energy leaders and practitioners, advancing informed, collaborative and practical action across the global energy system.