FG Bans Direct Purchase of Farm Produce From Foreigners

The Federal Government has banned any direct purchase of farm produce involving indigenous farmers and foreign nationals.

Minister of Trade and Investment, Niyi Adebayo, disclosed this after Wednesday’s virtual Federal Executive Council at the Council Chambers of the Presidential Villa, Abuja.

Adebayo stated that the new regulation will ensure that Nigerian farmers are not shortchanged, and that all foreign nationals go through licensed local buying agents to do business with the farmers.

The Minister noted that the Federal Government has approved appropriate mechanisms to ensure that farmers have the appropriate incentives to guarantee their continued participation in their trade.