NESG hails plant protection law, projects $2bn seeds export revenue

The Nigerian Economic Summit Group (NESG) says the implementation of the plant variety protection (PVP) law will enable the country to generate $2 billion from seed exports within five years.

The PVP bill, signed into law by President Muhammadu Buhari on May 21, 2021, seeks to give plant breeders intellectual property over a new plant variety, with exclusive rights to commercialize seed and/or propagation material of the variety.

It also aims to incentivise national and multinational agribusiness investments and aid the development of Nigeria’s agriculture value chain.

The…