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Question

Difficulty: MediumLiteral Comprehension and Fact Retrieval

Read the passage below carefully:

Established under Decree No. 15 of 1993, the National Agency for Food and Drug Administration and Control (NAFDAC) was officially mandated to regulate and control the manufacture, importation, exportation, distribution, advertisement, sale, and use of food, drugs, cosmetics, medical devices, chemicals, and packaged water in Nigeria. Prior to its creation, fake and counterfeit drugs posed a severe public health crisis across West Africa. NAFDAC operates under the federal ministry responsible for health and derives its operational authority directly from federal legislative acts. To finance its regulatory operations, NAFDAC relies primarily on federal budgetary allocations alongside fees collected from corporate registration, administrative fines, and product quality testing services. It does not rely on private foreign loans or commercial bank credit facilities to fund its statutory monitoring activities.

Statement: According to the passage, NAFDAC relies primarily on commercial bank credit facilities and private foreign loans to fund its statutory monitoring activities.

Answer: Answer

Answer

The statement is False. The text explicitly confirms that NAFDAC does not rely on private foreign loans or commercial bank credit facilities for its funding.
The statement is false because the passage explicitly confirms that NAFDAC does not rely on private foreign loans or commercial bank credit facilities to finance its monitoring activities, relying instead on federal budgetary allocations and regulatory service fees.

Step-by-Step Solution

1
Locate the portion of the passage that addresses NAFDAC's financial sources and funding mechanisms.
The final two sentences detail how regulatory operations are financed and explicitly list valid and excluded funding sources.
Direct fact retrieval requires matching the specific claim in the statement against explicit passage evidence.
2
Compare the statement's assertion with the explicit text.
The text states: 'It does not rely on private foreign loans or commercial bank credit facilities to fund its statutory monitoring activities.' This directly contradicts the statement.
A statement that directly contradicts explicit facts in the text must be evaluated as False.

Key Concept

Literal Comprehension and Fact Retrieval
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Topics

Literal Comprehension and Fact Retrieval

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