The Federal Executive Council, (FEC), has approved a ban on foreigners and their representatives purchasing agricultural produce at any farm gate.
This implies that only licensed and duly registered local buying agents can now buy farm produce directly from farmers in Nigeria.
The ban was announced yesterday, in a tweet shared via the Federal Governments verified Twitter handle: @NigeriaGov.
Speaking on the development, the Minister of Trade, Industry and Investment, Niyi Adebayo, explained that, as part of the FEC approval, the Attorney-General of the Federation, (AGF), would draft a law that would subsequently be sent to the National Assembly to support the implementation of the new policy.
We will also use commodity associations, to which the farmers belong, to ensure effective implementation, the minister emphasised.
