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Akeredolu: Igbo (Indian hemp) Could Be Nigeria’s Economic Saviour – Projects $145billion Revenue


The campaign for exploitation of Igbo, (Indian hemp/Marijuana), first suggested by the presidential candidate of African Action Congress (AAC), Omoyele Sowore, who said Nigeria could make a lot of revenues from it, appears to be gaining more grounds, even though it raised a lot of eyebrows initially.
The recommendation, gained a new convert in Ondo State governor Oluwarotimi Akeredolu, who currently out of Nigeria, seeking ways to exploit the option, saying Nigeria could actually gain or lose a whopping $145 Billion in 2025 if it either invested or failed to tap into the legal Marijuana Market.
In a post he made on his verified Twitter handle, Akeredolu, presently in Thailand, where serious researches are going on for the exploitation of the weed for positive purposes, described Ondo State as the hot bed of cannabis cultivation in Nigeria, noting that how to grow the crop, was never a problem in the state.
Speaking against the backdrop of a lot of pressure on the revenue from oil in the country and the generally poor economy, worsened by the poor revenue generation of states through Internally Generated Revenue (IGR), Akeredolu, a Senior Advocate of Nigeria (SAN), said: “We know how to grow it and it thrives well in the Sunshine State. “
Akeredolu, while stating that the focus of his administration was on medical Marijuana cultivation in controlled Plantation under the full supervision of the National Drug Law Enforcement Agency (NDLEA), urged the Federal Government to take it seriously as it is already a thriving industry that could create thousands of jobs for the youths and spur the economic diversification.
On the trip with the governor, to the Asian country, where sale and use of cannabis is a capital offence, punishable by death, as it is considered a hard drug, is the Chairman of the National Drug Law Enforcement Agency (NDLEA) Col. Muhammad Mustapha Abdallah rtd.
They are attending a programme on medicinal cannabis extract development, which is centred around exploiting the possibility of medicinal cannabis extract development, aimed at building capacity and researching the modality of licensing for planting and extracting cannabis oil in Nigeria as well as exploiting its commercial potential with focus on Ondo State.
The Ondo State government and the NDLEA are using the visit to access Thailand materials and best practises with the possibility of replicating them in Nigeria.
At the briefing, the Secretary-General of Thai Food and Drug Administration Dr. Tares Krassanairawiwong stated that the meeting will be of great advantage to the Nigerian Government.
Akeredolu appreciated the Thai Government and said Ondo State is known as the largest in the planting of cannabis.
He said “we are here to study how cannabis can be of more advantage to the state and Nigeria at large just the way Thai Government has done.
“Cannabis is used for medical purposes; how can it be cultivated for specific purposes and not be abused?”
Col. Abdullah said the current trend in the world is to look into the advantage of cannabis in the making of food and drugs.
They also visited the Faculty of Pharmaceutical Sciences, Naresuan University, Phitsanulok where the Management made presentations on how to control cannabis, licensing, pharmaceutical benefits of cannabis.
They also toured the University’s Cannabis research laboratory where Governor Akeredolu proposed that they also work along with Nigerian species during their research as Ondo State is ready for partnership with the Naresuan University Team.


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