The spokesperson of the House of Representatives, Benjamin
Okezie Kalu has said the lower chamber of the National Assembly is set to
legalize the use of Indian Hemp in Nigeria.
Kalu made this known during a press conference on the
benefits and opportunities of Cannabis, in Akure, Ondo State.
He said the decision would be made in the interest of the
country’s economic growth.
He explained that countries such as South Africa and others
are currently benefiting a high revenue from cannabis which they export to
other countries.
“It is worrisome that Nigeria has not made use of the
financial advantage that her oil reserves can provide to generate collective
investment and revenue sources.
“The coronavirus pandemic exposed our weaknesses when global
oil prices fell below $0 a barrel on 20 April 2020.
“Agriculture has always been a major strength of Nigeria and
cannabis provides interesting prospects.
“The crop, once harvested, has a high yield of edible
proteins and fibres with more than 50,000 product applications.
“Also, a verifiable market research showed that the Global
Industrial Hemp Market is projected to reach USD 36 Billion by 2026.
“Nigerians must understand that we are not alone in this
race to establish a lucrative medical and industrial hemp economy,” he said.
Click to signup for FREE news updates, latest information and hottest gists everyday
Advertise on NigerianEye.com to reach thousands of our daily users
No comments
Post a Comment
Kindly drop a comment below.
(Comments are moderated. Clean comments will be approved immediately)
Advert Enquires - Reach out to us at NigerianEye@gmail.com