The spokes person of the House of Representatives, Benjamin Okezie Kalu has said the lower office of the National Assembly is set to legalize the use of Indian Hemp in Nigeria.
Kalu made this known during a question and answer session on the advantages and chances of Cannabis, in Akure, Ondo State.
He said the choice would be made in the interest of the country’s economic growth.
He clarified that nations, for example, South Africa and others are as of now profiting a high income 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.
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