Nigeria To Make $2B From Export of Seeds – Nigerian Economic Summit Group
Written by Boom Radio on May 27, 2021
The signing into law the Plant Variety Protection – PVP Bill has been applauded by the Nigerian Economic Summit Group – NESG.
According to the Economic Group in a statement by its Head Corporate Communications Yinka Iyinolakan, the group stated that the full implementation of the bill would enable the country generate $2 billion from seed export in five years.
The statement also said that PVP bill will give Plant breeders the intellectual property right over a new plant variety, with exclusive rights to commercialise such seed and or to propagate such material of the variety.
While commending the National Assembly and the federal government for signing the PVP bill into law, the NESG implored the government, the seeds sector, all players in the Food and Agriculture Seeds Ecosystem, Trade and Investment, Science and Digital innovation, sustainability and all stakeholders to ensure that implementation guidelines are properly set and acted upon speedily in ensuring that critical aspects of the bill are effectively implemented.