Economic Diversification: $145Bn Indian Hemp Foreign Exchange Will Boost Nigerian Economy-Akeredolu

The Ondo State Governor, Mr Rotimi Akeredolu, has expressed the need for the Federal Government to encourage the cultivation of medicinal cannabis, also known as Indian hemp, in the country.

Akeredolu, who described Ondo State as a hotbed of cannabis cultivation in Nigeria, urged the Federal Government to support the growing of medicinal cannabis in large quantity in the state, saying its (cannabis) industry was capable of creating thousands of jobs for youths and spur the economic diversification of the country.He made the request on his twitter handle on Tuesday while commenting on his recent mission to Thailand. The governor said he was in Thailand in company with the Chairman of the National Drug Law Enforcement Agency, Col. Muhammad Mustapha (retd), for a programme tagged, ‘Medicinal Cannabis Extract Development.’

According to him, Nigeria might be shortchanged with an estimated value of $145bn in 2025 if it failed to tap into the legal marijuana market, explaining that their visit to Thailand was to assess the materials and best practices (of medicinal cannabis planting and growing) with the possibility of replicating them in Nigeria.

Punch

4 thoughts on “Economic Diversification: $145Bn Indian Hemp Foreign Exchange Will Boost Nigerian Economy-Akeredolu

Leave a Reply

Your email address will not be published.

%d bloggers like this: