Foreigners cannot buy agricultural products directly from farmers in Nigeria.

It said only approved and registered local purchasing agencies may now purchase directly from farmers in the nation.

A ban on foreigners and their agents buying agricultural products at the farm gate was authorized on Wednesday by the Federal Executive Council.

To purchase directly from farmers in Nigeria, only licensed and registered local purchasing agencies may do so.

Niyi Adebayo, Minister of Industry, Commerce and Investment, claimed foreigners were rushing to farm gates to purchase products at cheap rates, preventing farmers from continuing their trade.

“After the FEC approves the new Policy, the Attorney-General will create a bill that will be referred to NASS.

“We will also employ Commodity Associations, which the farmers belong to,” he stated.

The All Farmers Association of Nigeria (AFAN) national president, Ibrahim Kabir, applauded the decision, citing the low prices foreign intermediaries pay impoverished farmers at the field gate.

“I fully endorse the government's action,” he stated.

“I know that in Kano, some Lebanese and Chinese purchase from our farms.


Mr Kabir said that farmers sell at a low bottom price at the farm gate but if you sell straight at the market, you make little gains.

But several Nigerians are anxious about the new policy's execution. The ruling may limit the market, some say.

“Let the market work freely. Let go of everyone who knows the way. “Local farmers should be permitted to sell directly to worldwide markets,” stated Ahmed Tijjani on Twitter.

https://webtimes.com.ng/2022/03/11/rising-food-prices-nigerian-government-bans-foreigners-from-buying-farm-produce-from-farmers/

Good move

na wa oo..farmer associations chairman,Muslim...cattle breeders...Muslim.. God dey

Would it Resolve the high cost of goods and services in Nigeria?

Better

Hmmm

Truvelisback:
Would it Resolve the high cost of goods and services in Nigeria?

If there are goods shortages globally, why should we sell our reserves to the foreigners when we can sell it within the country in order to avoid unnecessary high cost of goods

helinues:


If there are goods shortages globally, why should we sell our reserves to the foreigners when we can sell it within the country in order to avoid unnecessary high cost of goods

Transportation is another issue.The cost of fuel, Diesel, gas and Kerosine isn't helping at all. It's also part of the reason(s) of high cost of goods and services.

Truvelisback:
Transportation is another issue.The cost of fuel, Diesel, gas and Kerosine isn't helping at all. It's also part of the reason(s) of high cost of goods and services.

We still have reserves compared to non oil producing countries

helinues:


We still have reserves compared to non oil producing countries

So, why is the experiencing Scarcity and hike in the price of Fuel, diesel, gas and kerosine?

Truvelisback:
So, why is the experiencing Scarcity and hike in the price of Fuel, diesel, gas and kerosine?

Sorry are you living outside Nigeria or you did not hear about contaminated fuel which cause shortages.

We have reserves in abroad which are been used as replacement for the contaminated ones. If Nigeria no be oil producing country ni, protest go don dey

Truvelisback:
Would it Resolve the high cost of goods and services in Nigeria?

To a large extent, yes! Every year, farmers prefer to sell 2 big tubers of yam for $150 (75,000 NGN) than to sell 7 tubers for 6,000 NGN to
local buyers.

Same thing goes for bags of cassava, maize and many others.

This has affected the prices of food items in the market as many exporters continue to buy straight from the farms, hoard and sell higher
in hard currencies.

If the government can eliminate the issue of middlemen, half of our food insecurity issue will be gone.

Very necessary decision

KingNom:
Very necessary decision

Very very necessary

This would have been a great move, but enforcement will be a problem. Secondly, how do you ensure this will not increase overall price of commodities locally?

Cc: Lalasticlala