FG to Grant Plant Variety Protection Rights to Agribusiness Investors

The Federal Government has stated that it is ready to accept and review applications from agribusinesses seeking plant variety protection rights.

The announcement was made by Sabo Nanono, Minister of Agriculture and Rural Development, and Olusegun Ojo, Director-General, National Agricultural Seeds Council, as part of the government’s efforts to implement the Plant Variety Protection Act 2021.

PVP Act 2021

They spoke at the introduction of the PVP Act 2021 in Abuja, which was co-hosted by the NASC and the Nigerian Economic Summit Group.

In his remarks at the ceremony, Ojo stated that the Federal Government would provide PVP rights to investors in Nigeria through the NASC in order to implement the recently enacted Act.

Read also: SEC Recommends Nigerians to Conduct Due Diligence Before Investing in Any Funds

“The NASC has already begun doing what is necessary to guarantee that we not only have the PVP law, but that we also implement it so that the benefits are delivered to the farmers and all Nigerians,” he added.

NASC has started the process of establishing a functional Plant Variety Protection office in Nigeria to receive and review applications for the granting of Plant Variety Protection rights in Nigeria from anywhere in the world.”

Laoye Jaiyeola, the NESG’s Chief Executive Officer, who was represented by Gloria Ekpo, a group executive, said the Act’s adoption would assist Nigeria feed its rising population and encourage international investment into the seed sub-sector.

“Indeed, hunger has been on the rise in Nigeria for several years, and with the effects of the COVID-19 epidemic, affordability, availability, and access to nutritious meals is becoming increasingly challenging for Nigeria’s 52 million food insecure citizens,” he stated.

Plant breeders and farmers, we believe, can provide solutions to these issues of food insecurity. However, they will only be successful if they have the right tools.

“This necessitates a reorientation of food systems so that plant breeders and farmers can prosper and be adequately compensated for their efforts.”

Promotion of cassava production- Karima.

The announcement came as the Federal Ministry of Agriculture and Rural Development announced the distribution of cassava planting materials and the training of over 300 farmers in the states of Edo and Katsina.

Karima Babaginda, Director of the Federal Department of Agriculture, FMARD, stated the cassava planting materials supplied were early maturing, pest and disease resistant, and high yielding.

She stated that the Federal Government’s efforts to promote cassava production, processing, and marketing operations in Nigeria were aimed at maintaining Nigeria’s position as the world’s top cassava producer.

Read  more business news on editorialtimes.com

Scroll to Top