Federation of Agricultural Commodity Association of Nigeria (FACAN), is lobbying Federal Government to review export policy to accommodate cannabis
Nigeria’s New Telegraph newspaper is reporting……....There are indications that an agricultural group, Federation of Agricultural Commodity Association of Nigeria (FACAN), is lobbying the Federal Government to review its export policy to accommodate cannabis otherwise known as Indian hemp as one of the key agro commodities to enable Nigeria earn $100 billion annual revenue from non-oil sector of the economy.
This newspaper reliably gathered that the association was in crucial talks with the Presidency to reconsider cannabis as one of the over 52 agro commodities for export.
While confirming this move, the President, FACAN, Dr. Victor Iyama, explained that truly the association was discussing with the Federal Government to lift embargo on cannabis for export in order for the country to earn more foreign exchange from agriculture.
Iyama stated that FACAN had put up a position paper to the relevant authorities to look at the gains of cannabis since it is one of the globally accepted agro commodities for export and foreign exchange earner.
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He described Indian hemp as a goldmine at the international market, saying that the country could not afford to keep destroying the agro commodity that can fetch her millions of dollars in revenue.
The FACAN president said despite abundant agro commodities in the country, the agricultural sector had not contributed meaningfully to economic growth since the advent of oil.