FACAN makes bold to enforce FG’s directives on foreign buyers

 Embraces CBN E-naira

The Federation of Agricultural Commodity Associations of Nigeria (FACAN) is concluding on a proactive action plan that will be put together to  check the activities of foreigners going into the rural farm gates to buy produce at a ridiculous prices from farmers, just as the members are curious to embrace the new financial electronic naira (E-Naira) transaction deposit of Central Bank of Nigeria (CBN).

These are part of the many other issues discussed at the yesterday meeting held under the leadership of Dr. Victor Iyama in Abuja.

Dr. Victor Iyama speaking on the occasion hailed the decision of the Federal Executive Council (FEC) that stopped any foreigner from going into rural areas to buy agricultural produce directly from farmers, saying that  local buying agents (LBA) must be instituted with license by the state government to checkmate the activities of these explioters.

FACAN president stressed the need for commodity associations to proactively ensure that the directive of the FEC is being enforced by ensuring stiff monitoring stragety through effective local buying agents being registered, and licensed in order to totally put a check to the activities of these foreigners.

He stressed that all other agricultural produce must be subjected to grading in order to ensure standard like is done to cocoa and cashew, saying that sesame seeds, groundnut, maize, beans and the rest of them all must be subjected to grading.

On the issue of on bonding of FACAN on e-naira financial deposit,  members expressed excitement, but very critical of how is going to benefit farmers in the course of production and marketing of their produce as representative of Araba technology limited, Dr. Hauwa Hayatu took the meeting through the needed processes on how to be an agent, and the benefit of the new electronic money deposit, saying the purpose is to enhance money transaction system in a more safe manners.