Implementation Of New PVP Act 2021 Will Generate Over $2bn In Its First Five Years -NASC


ABUJA – National Agricultural Seeds Council(NASC) has said the implementation of the new Plant Variety Protection(PVP) Act 2021 would generate over $2billion for Nigeria in its first five years of implementation.

Dr. Philip Olusegun Ojo, Director General of NASC, announced this on Monday at a media briefing in Abuja.

Ojo who profusely thanked President Muhammadu Buhari for signing the PVP bill into law on May 21, 2021, said the new Act would enhance agricultural productivity and generate wealth to both plant breeders and farmers.

He explained that the new PVP Act would protect the intellectual property of plant breeders as well as enable Nigerian farmers to have access to the best genetics or seeds to boost agricultural productivity.

He also pointed that the Act would boost economic activities, create more jobs and guarantee food security in the country.

According to him, “This law will bring out clearly going forward the contribution of plant breeding to the Nigerian agricultural sector.

” We will begin to see on our farmer’s field superior yielding, stress tolerant, disease resistant, climate smart and input efficient varieties which will be introduced by innovative breeders both from the public and private sectors in few years.

“We will begin to witness efficient land use and reduced food cost as a result of the increased productivity from cultivated hectares across the country.”

On the implementation of the Act, Ojo explained that a functional office that would be capable to receive and process applications for the granting of a PVP law in Nigeria and across the world has been set up, adding that NASC was working to develop supporting regulations that would help implement the Act.

The Director General assured that the Council has been working with both local and international partners to ensure that Nigeria completes the process of becoming a full member of the International Union for the Protection of New Varieties of Plants(UPOV).

In his contributions, Dr. Folarin Okelola, Technical Adviser to the Director General of NASC, further explained the PVP law is about intellect property protection, adding that it would attract investments in superior genetics.

He posited that the investment the new Act would attract would be over $2billion, adding that it would enable seed producers to set up production plants in Nigeria.

“The law will entail recruitment of experts who are Nigerians, it will mean that Nigerian farmers will gain capacity,” he said.

With faithful implementation of this new law, Okelola expressed optimism that Nigeria would cease from being a dumping ground for all kinds of seed from abroad, adding that seed companies would be encouraged to establish their production plants as their investments would be protected under the new law.

Source: Daily Independent

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