Foreign investments

Implementation of Plant Protection Law to Boost Exports and Attract Foreign Investment

The Nigerian Economic Summit Group (NESG) says the implementation of the Plant Variety Protection (PVP) law will boost exports, attract foreign investment and provide more food to Nigerian citizens.

Laoye Jaiyeola, CEO of NESG, said this at a conference hosted by the National Agricultural Seed Council (NASC) in Lagos on Thursday.

The PVP 2021 law was promulgated by Muhammadu Buhari in May 2021.

The law aims to give breeders intellectual property over a new plant variety, with exclusive rights to market the seeds and / or propagating material of the variety. It also aims to encourage national and multinational agro-industrial investments and develop Nigeria’s agricultural value chain.

Explaining the importance of implementation, Jaiyeola said PVP would increase incomes and profits for smallholder farmers and breeders, which would create jobs and equitable growth for young people in rural communities.

“There is no doubt that the implementation of the Plant Variety Protection Law will help to better position Nigeria to feed its growing population and also attract foreign investment in the seed sub-sector, as well as reap the benefits. intra and inter-border business opportunities. in seed trade and exports, ”he said.

“Moreover, as we intentionally integrate digitization into seed sub-sector processes, service delivery will be improved for smallholder farmers, interactive digital extension sessions and user-friendly mobile apps can be facilitated and enhanced with farmers on sustainable agronomic practices.

“This will further unlock competitiveness within the agri-food ecosystem with appropriate demand forecasts.

“The development and adoption of innovative and supportive systems will remove constraints related to seed security and improved productivity in the agricultural sector. “

He said NESG will work more with seed sector actors to ensure proper implementation.

In his remarks, Phillip Ojo, Managing Director of NASC, said through the implementation of the PVP law, “we will start to see in our farmer’s field top yielding, stress tolerant, disease resistant varieties, climate-smart and efficient in inputs that will be introduced by innovative breeders in the public and private sectors in a few years.

“We will begin to see efficient land use and reduced food costs through increased productivity of cultivated hectares across the country.

“So that Nigeria does not become a dumping ground for all the waste sought by the import of ‘seeds’, we must complete this process which will make us a strong player in the global seed trade in the near future.”

The NESG had stated that the implementation of the PVP will allow the federal government to generate $ 2 billion in seed exports within five years.


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