 While the federal government has banned any direct purchase of farm produce involved in the genius farmers and foreign nationals, the new regulation, which is to ensure that Nigerian farmers are not shortchanged, now mandates all foreign nationals to go through licensed local buying agents to do business with the farmers. The Minister of Trade and Investment, Nyi Adibayo, disclosed as the state house correspondent shortly after the weekly VATRO Federal Executive Council meeting presided over by Vice President Yamio Shibajo at the Council chambers of the presidential villa. According to him, the federal government has okayed appropriate mechanisms to ensure competitive prices for commodities of indigenous farmers in a bid to protect them from exploitation and also ensure that they have the appropriate incentives to guarantee their continued participation in their trade. Adibayo said he presented two memos on behalf of his ministry, one of which was for the promotion of agri-business in Nigeria through the right farm gate pricing and ban of foreign nationals and their representative from purchasing agricultural commodities at the farm gates. Earlier on our breakfast show, a former chairman, agriculture and non-army sector at the Lagos Chamber of Commerce and Industry, Prince Wali Oyekaya said the move is counterproductive as it will make farmers lose their produce. While we produce in Nigeria, 60% of it got rotten, too weighty. By these people, the foreigners that we are trying to buy from buying our farm produce, they add value to what we cannot add value. And for them to be born and to be buying our produce is going to be counterproductive. In the series, there are guys in this of the problem of farmers' manpower days. What happened to the commodity price control? Where is the price control? There's nothing like price control in Nigeria. That is why you see all kind of stuff just coming into the market. And no one is regulating it, no one is controlling it. So it's not the issue of foreigners coming to market world we have at the farm gate, but the policy that is going to be sustainable to really assist the farmers and to bring the price of goods down completely because most Nigerians are complaining about the price of the food stock. Couple with all the infrastructure deficit, couple with all the all kind of other stuff like the security and bandage, price of crude oil, price of diesel, right now diesel is about 600 naira plus. The government is not addressing this. And this is the multiply effect that is going to happen on the consumer. Hello. Hope you enjoyed the news. Please do subscribe to our YouTube channel and don't forget to hit the notification button so you get notified about fresh news updates.