Announcements

Job Offers

Specials more

Top 5 -yesterday

Top 5 -last week

Top 5 -last month

Minister highlights 'exploitation of farmers'

Nigerian government creates committee to ban foreigners from direct trade with farmers

Nigeria’s Minister of Industry, Trade and Investment, Otunba Niyi Adebayo, has said the inability to harness the potential of the non-oil sector for meaningful economic growth is why the federal government plans to stop foreigners from direct purchase of farm produce from farmers. The minister said the sector could only be transformed through promotion of agri-business by Right Farm Gate pricing.

The Federal Executive Council (FEC) had in March approved a memo that would ban foreigners from purchasing farm produce directly from farmers.

“The exploitation of farmers by foreigners who come to Nigeria to mop-up agricultural commodities at the farm-gates and in turn offer farmers prices below market value has become a national problem. The current practice of direct purchases of agricultural commodities at unfair prices by foreigners at our farm-gates poses serious dangers which include: reduction in farmers’ income, declining productivity in the agricultural sector, unemployment and insecurity,” the Minister said.

Source: dailytrust.com


Publication date:



Receive the daily newsletter in your email for free | Click here


Other news in this sector:


Sign up for our daily Newsletter and stay up to date with all the latest news!

Subscribe I am already a subscriber