The Nigerian House of Representatives is set to legalise the use of Cannabis in the country for economic benefit. Spokesperson of the House of Representatives, Hon. Benjamin Okezie Kalu said this during a press conference on the benefits and opportunities of Cannabis in Akure, Ondo state capital.
Kalu said that the House of Representatives has concluded an arrangement to organize a two-day stakeholders roundtable on the benefits of the weed. According to him, a date for the stakeholder’s forum, which will attract participants among scientists, medical and pharmaceutical professionals, farmers, insurance companies, executives, and private sector investors has been slated for June 7 and 8. He explained that countries such as South Africa and others are currently reaping high revenue from cannabis which they export to other countries. “
Nigeria has been described as oil-dependent and not oil-rich. It is a worrying reality that we have not optimized the financial stability advantage that our oil reserves can provide us to diversify our collective investment and revenue sources. “The coronavirus pandemic exposed our weaknesses when global oil prices plummeted by as much as 15 per cent even falling.