Cannabis is a multi-billion Naira industry – Akeredolu tells FG


The Governor of Ondo State Rotimi Akeredolu has argued against the notion that cannabis is a “devil’s plant”, saying “cannabis is a multi-billion Naira industry that can help diversify the Nigerian Economy if judiciously utilised”.

Speaking at a Stakeholders’ round table on the “Benefits and Opportunities of Cannabis Plant in Nigeria” held at the International Culture and Event Center, “The Dome”, Akure, the state capital on Monday, Akeredolu called on the two Chambers of the National Assembly to exhibit courage by amending the NDLEA Act that prohibits the consumption of cannabis in Nigeria, stating that “the medical and economic merits of the use of cannabis outweighs its demerits”.

Akeredolu, a Senior Advocate of Nigeria and former President of the Nigerian Bar Association (NBA) opined that advanced research has shown that the Cannabis sativa has immense economic benefits if well utilized.

While addressing the various misconceptions trailing his advocacy for controlled cultivation of the cannabis plant, the Governor stated that opinions against the legalization of the plant is as a result of the ignorance of people about the numerous benefits of the plant.

READ ALSO: 100 cows has been arrested by Amotekun in Ondo State

Akeredolu said “the planet earth has a constant period of darkness and light every 24 hours which we call night and day, in like manner, just like every other crop or plant, Cannabis Sativa has both CBD and THC content which we can put it to good and bad use”

“Products with extract of Cannabis Sativa are already in our pharmaceutical sales outlets across the country. They are being imported with foreign exchange and sold at exorbitant prices with additional, but avoidable stress on our Naira.”

The Governor stated that during his first term, he and other members of his cabinets made a trip to Thailand to understudy the legal reform carried out to facilitate the decriminalization of the cultivation, processing and export of Cannabis Sativa which gave him the opportunity to know the immense benefits that comes along from a controlled cultivation of the plant.

“We must find a way to legalize the cultivation of cannabis for medicinal purposes. There is nothing wrong about it. We are only shooting ourselves in the foot. It is a foreign exchange earner for people outside the country. People want this. We ourselves, even our pharmacies want to develop…”, he said.

While applauding Akeredolu for leading the Advocacy for the legalisation of cannabis, Kalu posited that the hemp is a viable prospect for the Nigeria’s diversification efforts.

The Chairman, House of Representatives Committee on Diaspora, Tolu Akande-Sadipe, who was also a panelist at the roundtable, expressed optimism that the passage of the Dangerous Drugs Act [Amendment] Bill 2020, currently at second reading, would usher in a new era on medicinal cannabis production and distribution.

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