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MEDICINAL CANNABIS IS MONEY SPINNER – GOV AKEREDOLU

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•Makes Case For Controlled Cultivation Of Plant For Medical Use

•As Legislators, Pharmacists, Investors, Medical Personnel, Others Hold Round Table Discussion on Benefits, Opportunities of Cannabis Plant, CBD Oil

Ondo State Governor, Arakunrin Oluwarotimi Akeredolu, SAN, has said controlled cultivation of the cannabis plant for medical usage and exportation will generate several billions of dollars and provide thousands of jobs for the teeming youths.

Governor Akeredolu said the global market of Medicinal cannabis in 2019 was put at 52.8 billion Dollars.

He added that the market forecast is an average of 14.5% increase from year 2020 to reach 103.9 billion dollars by 2024.

Arakunrin Akeredolu charged stakeholders on the need to break the barrier of misconception occasioned by ignorance and ill-information on cannabis plant and CBD oil in the country.

The Governor said what is important is the need to have controlled cultivation of the cannabis plant for medical usage and exportation.

Governor Akeredolu spoke at a Stakeholders Round Table Discussions on “The Benefits and Opportunities of Cannabis Plant and CBD Oil in Nigeria – Research, Legislation, License, Medicine, Agro-Economy, Empowerment, IGR and Trade Exchange”.

The event was held on Monday at the International Culture and Event Centre (DOME).

Those who spoke at the event include Chairman, House Committee on Public Affairs & Media, Hon. Okezie Kalu; Chairman House Committee on Diaspora, Hon. Tolu Akande-Sadipe; member, House of Representatives, Hon. Mariam Onuoha; representative of National President of Pharmaceutical Society of Nigeria, Dr. Lolu  Ojo; National Chairman, Association of Community Pharmaceutical of Nigeria, Dr Samuel Adekola

Others are Prof. Agbaje Gideon Olubunmi, Ladi Sojode Esq, Yinka Arasi Esq, Mr. Abiodun Adewumi, J.B Wechsler, NUJ Ondo Council, Ministry of Natural Resources, Ministry of Justice and Ministry of Health.

The Governor said the cannabis plant has tremendous therapeutic value, stressing that it is being used to treat cancer, epilepsy and so many other ailments.

Governor Akeredolu noted that the country has not succeeded in stopping the cultivation and misuse of Cannabis by prohibiting it.

He, however, said controlled cultivation of the plant for medical usage will reduce its availability in the underworld market, adding that cultivators would like to sell in a more financially-rewarding markets.

The Governor urged the stakeholders to come up with a communique that will be useful for all arms of government and the private organisations so that informed decisions will be taken.

He said: “We need to save our forests from further plundering by Cannabis cultivators. Climate change phenomenon is a reality with devastating effect on our ecology or environment.

“This approach will reduce the availability of Cannabis in the underworld market because cultivators would like to sell in a more financially-rewarding markets. That is talking about industrial and medical market.

“We must put in place machinery to break the barrier of misconception occasioned by ignorance, pedestrian thoughts, and ill-information. We must come up with communique that will be useful for all arms of government and the private organisations so that we can all take better decisions.”

Governor Akeredolu charged journalists to avoid sensational reporting but only inform and educate the people on the benefits of medical cannabis.

He also appealed to the National Assembly members, the NDLEA and Pharmaceutical Society of Nigeria as well as research universities to have a second and deeper thought on the issue.

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Anambra Traditional Rulers Confer ‘Dike Si Mba’ Title On Tinubu

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President Bola Ahmed Tinubu
President Bola Ahmed Tinubu
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President Tinubu crowned ‘Dike Si Mba’ of Anambra by Anambra State Traditional Rulers

Traditional rulers in Anambra State on Thursday conferred a chieftaincy title of ‘Dike Si Mba’ of Anambra on President Bola Tinubu.

The Traditional rulers led by the Chairman of the Anambra State Traditional Rulers Council, Igwe Chidubem Iweka of Obosi, gave the President the title in Awka during his official visit to the state.

‘Dike Si Mba’ loosely translates to ‘Hero from another land’, was given to President Tinubu by the traditional rulers representing all the communities in Anambra State.

Tinubu, who is in Anambra State on official visit, arrived at the Chinua Achebe International Airport in Umueri around 12:15pm, and was received by Governor Chukwuma Soludo, his deputy, Onyeka Ibezim and other government officials.

Tinubu inaugurated Anambra State’s first-ever Government House on Thursday, marking a historic milestone more than 30 years after the state’s creation.

Tinubu also inaugurated several other projects done by the administration of Governor Chukwuma Soludo.

It is the President’s second visit to the South-East this year after visiting Enugu State in January.

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 Nigerian Senate Passes 2 Tax Reform Bills

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The Nigerian Senate has passed two out of the four Tax Reform Bills which are expected to overhaul Nigeria’s tax laws.

The lawmakers approved the bills following the consideration and adoption of the recommendations of the Senate Committee chairman Senator Sani Musa during the committee of the whole

The four key bills are the Joint Revenue Board (Establishment) Bill, 2025, the Nigeria Revenue Service (Establishment) Bill, 2025, the Nigeria Tax Administration Bill, and the Nigeria Tax Bill.

But out of the four, only the Bill to Repeal the Federal Inland Revenue Service Act and enact the Nigeria Revenue Service (Establishment) Bill, 2025 was approved

The second approved bill is the Nigeria Tax Administration Bill which is an Act to provide for the assessment, collection of and accounting for revenue accruing to the federation, federal, states and local governments.

“Prescribe the powers and functions of tax authorities and for related matters”.

Presenting the report, Sani said that the bills sought to reform Nigeria’s tax framework, strengthen institutions and enhance accountability and compliance.

Contributing, Deputy Senate President of Jibrin Barau congratulated the entire Senate and in particular, the Committee on Finance and the Elders Committee for the wisdom and leadership that has been shown in the passage of the bills.

“Initially, there were in disagreements and there were rancors here and there.

“But the Senate, standing on its position as the highest assembly in the land, decided to establish this committee, the Committee of Elders (Special Committee).

“To look at all those areas of contention and hear the views of religious leaders, regional organisations and other stakeholders.”

In his remarks President of the Senate, Godswill disclosed that the remaining two bills will be considered in plenary on Thursday.

He commended the committee on Finance and senators for a thorough job.

“He also expressed gratitude to the group of “elder senators” who collated and deliberated on areas of contention in the Tax Bill through meetings and consultation with dissenting voices.

Akpabio expressed optimism that the tax laws would revolutionalise and optimise tax collection across the country.

He expressed satisfaction that the passage of the bills have dispelled rumours that they were meant to serve the interests of a part of the country, adding that all Nigerians will benefit from them.

 

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Senate Sets Up Committee To Oversee Rivers Administrator

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The Nigerian Senate has constituted an 18-member committee tasked with overseeing the activities of the Sole Administrator of Rivers State, Vice Admiral Ibok-Ete Ibas (rtd.).

This, it said, was in a bid to strengthen transparency and accountability in the state’s governance.

Senate Leader, Senator Opeyemi Bamidele, was named as chairman of the committee.

The announcement was made on Tuesday by the President of the Senate, Senator Godswill Akpabio, during the resumption of plenary.

Akpabio highlighted the importance of the committee’s mandate, stating that its role was critical in ensuring effective legislative oversight in Rivers State.

Akpabio also hinted that the composition of the committee might be subject to review following further consultations.

Other members of the committee include Senators Adamu Aliero, Osita Izunaso, Osita Ngwu, Kaka Shehu, Aminu Abass, Tokunbo Abiru, Adeniyi Adebire, Sani Musa, Simon Lalong, Asuquo Ekpeyong, Adams Oshiomhole, Ireti Kingibe, Onyekachi, Idiat Adebule, Ide Dafinone, and Mohammed, alongside the Clerk of the Senate.

The Senate President charged the committee to commence its oversight duties without delay, stressing the urgency of their assignment.

He also reaffirmed the Senate’s commitment to upholding democratic processes in Rivers State.

 

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