Business
Nigeria Bans Foreigners From Buying Agricultural Produce Directly From Farmers
Nigeria Bans Foreigners From Buying Agricultural Produce Directly From Farmers
The Nigerian government has banned foreigners from purchasing agricultural produce directly from farmers.
It announced the ban Wednesday via its verified Twitter handle, saying only licensed and duly registered local buying agents can now buy products directly from farmers in the country.
“The Federal Executive Council (FEC) today approved a Ban on foreigners and their representatives purchasing agricultural produce at the farm gate.
“Henceforth, only licensed and duly registered local buying agents can now buy products directly from farmers in Nigeria,” the tweet read.
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The Minister of Industry, Trade and Investment, Niyi Adebayo, said foreigners have been going to the farm gates to buy produce from the farmers at low prices, thus discouraging the farmers from continuing with their trade.
“As part of the FEC approval, the Attorney-General will draft a law that will be sent to NASS to support the implementation of the new Policy.
“We will also use Commodity Associations, to which the farmers belong, to ensure effective implementation,” he said.
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