Maritime Nigeria

Main Menu

  • Home
  • News
  • Interviews
  • Maritime Info
  • Photo Gallery
  • Fact
  • Profiles

logo

Header Banner

Maritime Nigeria

  • Home
  • News
    • "We are Alert, Watching, Taking Notes and Keeping Records"-AIG Maritime

      May 6, 2025
      0
    • Nigeria Customs Launches Form M On Indigenous Platform

      May 6, 2025
      0
    • Maritime Police Boss Celebrate Workers

      May 1, 2025
      0
    • Oyetola Celebrates Maritime Workers on 2025 Workers’ Day

      May 1, 2025
      0
    • Custom Intercept Drones, Fake Drugs, Renovate Public School In Lagos

      May 1, 2025
      0
    • NIGERIA ENDORSES AMENDMENTS TO EIGHT ILO CODES

      Apr 29, 2025
      0
    • NLNG Launches VIBES For Entrepreneurial Community Development

      Apr 29, 2025
      0
    • Maritime Police Assures Safety As Dockworkers Protest

      Apr 28, 2025
      0
    • OTC 2025: Tanatita Upscale Security Efforts, Seek Collaboration and Partnerships

      Apr 28, 2025
      0
  • Interviews
    • Nigeria Takes Leadership Of MOWCA

      Nov 18, 2021
      0
    • APM Participates in UK Trade Expo

      Oct 31, 2021
      0
    • Reps Seek Admission at MAN

      Dec 7, 2020
      0
    • NIMASA URGE SHIP OWNERS TO RENEW CABOTAGE LICENSES

      Oct 5, 2020
      0
    • FG Sacks Aboloma As NAIC Gets New EDs

      Aug 28, 2020
      0
    • Britain Celebrate Nigerian In Covid Efforts

      Jul 26, 2020
      0
    • Zuckerberg Backs Trump Against Twitter

      May 28, 2020
      0
    • NAFDAC DG Sheds Light On Chloroquine, Herbals, Masks and Covid19

      May 12, 2020
      0
    • Reps Threaten MDAs

      Feb 24, 2020
      0
  • Maritime Info
    • 2023 POP: Minister Task Cadets On Blue Economy

      Dec 15, 2023
      0
    • Rector, Trainees Excited, Laud FG On Modern Academy

      Jan 26, 2023
      0
    • Buhari Redeploys Minister As NPA, NIMASA, MAN, Others Get New Boards

      Apr 7, 2022
      0
    • World Bank Endorse Nigerian Ports, Partners Navy On Capacity Building

      Mar 19, 2022
      0
    • NIMASA Commend Nigerian Navy, Reassures On Floating Dock

      Feb 9, 2022
      0
    • MAN Unveils Lighthouse For Training of Cadets

      Jan 27, 2022
      0
    • shipping

      Singapore Strait Dangerous To Shipping-ReCAAP

      Jan 24, 2022
      0
    • Lekki Deep Sea Port Will Increase Port Efficiency-Amaechi

      Jan 24, 2022
      0
    • Fair Competition: NSC Partners FCCPC For Effectiveness

      Jan 21, 2022
      0
  • Photo Gallery
    • SERAP Calls for Probe of Entire Privatization Processes 1999-2011

      Dec 4, 2017
      0
    • IMO Election: South Africa, Kenya, Liberia, Morroco and Egypt Make Category C

      Dec 2, 2017
      0
    • Maersk Ship on Fire as Coy Launches Six Container Lifting Tech

      Nov 2, 2016
      0
    • Captured Seafarers Languish In Captivity without Ransom

      Nov 1, 2016
      0
    • Niger Delta: Militants Ask FG to Include Former Agitators in Negotiations

      Nov 1, 2016
      0
    • Self-Audit: NIMASA Set to Review 3% Freight Charge

      Nov 1, 2016
      0
    • Recession: Japanese Shipping Companies to Merge

      Oct 31, 2016
      0
    • NSC Partners ICS on Capacity Building

      Oct 31, 2016
      0
    • AGAIN, APAPA CUSTOMS SURPASS MONTHLY TARGET WITH N33B COLLECTION

      Oct 5, 2016
      0
  • Fact
    • Maritime Police Boss Celebrate Workers

      May 1, 2025
      0
    • “VIN Is A Trade Tool, Not Punitive”-Customs

      Mar 2, 2022
      0
    • Blackmailers, False Publishers and Their Agents: Court Clears Rector

      Feb 18, 2022
      0
    • MAN Unveils Lighthouse For Training of Cadets

      Jan 27, 2022
      0
    • "APM Terminals Is Beyond Moving Boxes Around"-Laursen

      Jan 24, 2022
      0
    • MWUN: Welfare, Safety Our Priority-Adeyanju

      Dec 27, 2021
      0
    • Reversing the Trend: Koko Breaks Record at NPA

      Dec 24, 2021
      0
    • Minister Demands More From MAN At Passing Out Parade

      Dec 20, 2021
      0
    • MARITIME NIGERIA TASK NIMASA ON MARITIME DEVELOPMENT

      Dec 15, 2021
      0
  • Profiles
    • CMA CGM Brings AI Onboard

      Jun 5, 2018
      0
    • Customs Notify 577 Officers of Retirement by Eguono Odjegba

      Jan 12, 2018
      0
    • Over 100 Persons Feared Dead in Mediterranean Ship Wreck

      Nov 3, 2016
      0
    • Ballast Water: Panama Signs Up

      Oct 24, 2016
      0
    • Ist Half Report: Customs generate N385.7bn revenue

      Aug 15, 2016
      0
    • Minister/MD Speeches at the Launch of NPA's CCCIS

      Jul 23, 2016
      0
    • Face off Imminent as Dakuku Warn IOCs to Sit Up or Stay ...

      Jul 22, 2016
      0
    • Hadiza, Welcome to NPA

      Jul 16, 2016
      0
    • Habib Abdullahi Sacked Again from NPA

      Jul 12, 2016
      0
  • “We are Alert, Watching, Taking Notes and Keeping Records”-AIG Maritime

  • Nigeria Customs Launches Form M On Indigenous Platform

  • Maritime Police Boss Celebrate Workers

  • Oyetola Celebrates Maritime Workers on 2025 Workers’ Day

  • Custom Intercept Drones, Fake Drugs, Renovate Public School In Lagos

AgricultureFeaturedNews
Home›Agriculture›Marijuana Is Big Business

Marijuana Is Big Business

By Editor
Feb 11, 2020
980
0
Share:

Tosin Ashafa argues that Marijuana is a Multi Billion Dollar Industry

Marijuana

The strain of marijuana that grows in Ogbese, Ondo State is the best in the world.” This declaration is attributed to Governor Rotimi Akeredolu (SAN), the current governor of Ondo State.

According to him, “Ours is to seek a pathway for growing marijuana for medical purposes and not for anyone to smoke. I don’t see anything wrong with it.”

Quite frankly, I do not see anything wrong with it either. What I see is a multi-billion-dollar opportunity that is being jettisoned for parochial and conservative ideals that have left the majority of our people poor and unemployed.

What is even more frustrating is perhaps the inability of states, like Ondo, to determine their economic pathway by exploring the resources in their state without recourse to the federal government.

This is typical of the pseudo-federal system that we practice: one that stifles growth and has encouraged weak and insolvent states.

In the last three decades, the poverty gap in Nigeria has continuously widened. To make matters worse, between 1991 and 2006 alone, there has also been an increase in the number of unemployed Nigerians by 74.8 per cent.

Every day, it keeps getting worse. Yet, rather than deal with such existential issues staring us in the face, we are neck-deep in our hypocrisy – one that makes us reject anything that contradicts our false sense of religiosity.

A recent report by Grand View Research suggests that the global marijuana market size will hit $66.3 billion by 2025.

Initially resisted by several religious and lobby groups in the United States, laws legalising the use of marijuana for recreational purposes have been passed in 10 states and the use of marijuana for medical purposes has been passed in 33 states. The industry now employs about 250,000 people in the US.

My argument, like that of the governor of Ondo State, is not to legalise the use of marijuana for recreational purposes (even though we see police, military, customs and NDLEA officials “easing stress” with it) but to extract the oil which has significant value in the pharmaceutical industry.

It has proven effective in the treatment of medical conditions like cancer, Parkinson’s disease, Alzheimer’s, arthritis and several other neurological conditions.

It would be ridiculous to lose out on this huge market opportunity especially when thousands of Nigerians will spend billions of naira over several years purchasing drugs that contain a by-product of marijuana.

The barriers of entry in the cannabis growing and processing industry are low at the moment. More so, there are willing investors with billions of dollars who are willing to gain market share or any other kind of advantage in the industry.

It is okay for the federal government to resist the urge to legalise marijuana (for whatever purpose) but it would be disingenuous to deny a sub-national government like Ondo the opportunity to create tremendous wealth for the state and thousands of jobs for its residents.

The federal government’s sentiment against marijuana is also understandable, given the fact that substance abuse is the leading cause of mental illness in Nigeria.

But while substance abuse is a huge problem, poverty and unemployment are much bigger problems. And of course, this is not about smoking hemp but about creating an industry that would support multinational pharmaceutical companies.

Share this:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • More
  • Click to share on WhatsApp (Opens in new window)
  • Click to share on Telegram (Opens in new window)

Related

Previous Article

Conspiracy Theories Hinder Fight Against Coronavirus

Next Article

Investors, Analysts Differ On Economic Loses of ...

0
Shares
  • 0
  • +
  • 0
  • 0
  • 0
  • 0

Related articles More from author

  • Featured

    “We Are Committed to Manpower/Infrastructure Development at MAN”- Dr. Mkpandiok

    Jun 13, 2017
    By Editor
  • News

    Crisis Would Lead to Hunger-UN

    Jan 31, 2018
    By Editor
  • News

    PIRACY: Malaysian Police Kill Three

    Dec 9, 2016
    By Editor
  • News

    Greener Shipping, New Technologies Could Affect Shippers-NSC

    Oct 2, 2022
    By Editor
  • FeaturedNews

    NAQS To Regulate Trade in Donkey Skin

    Jul 9, 2020
    By Editor
  • Maritime InfoNews

    SOUTH AFRICA RESCUES STRANDED SEAFARERS

    Oct 26, 2020
    By Editor

Leave a Reply Cancel reply

  • FeaturedMaritime InfoNews

    Dakuku Advocates Good Governance as Panacea to Economic Recovery

  • FactFeaturedMaritime InfoNewsProfiles

    “Don’t Wory about Sea Time”…Director General Assures.

  • News

    Investor Laments Infrastructure Deficit

Looking For Something?

Read From

  • Agriculture
  • Customs Operations
  • Fact
  • Featured
  • Interviews
  • Maritime Info
  • News
  • One Question
  • Photo Gallery
  • Profiles
  • sports

Just In

News

“We are Alert, Watching, Taking Notes and Keeping Records”-AIG Maritime

Charge Maritime Stakeholders to be Law Abiding   The Assistant Inspector-General of Police in charge of Nigeria’s Maritime Police Command, Lagos, AIG Musa Yusuf Garba, psc(+), IIPS, PSPS, has reiterated ...
  • Nigeria Customs Launches Form M On Indigenous Platform

    By Editor
    May 6, 2025
  • Maritime Police Boss Celebrate Workers

    By Editor
    May 1, 2025
  • Oyetola Celebrates Maritime Workers on 2025 Workers’ Day

    By Editor
    May 1, 2025
  • Custom Intercept Drones, Fake Drugs, Renovate Public School In Lagos

    By Editor
    May 1, 2025
  • Home
  • About Us
  • Contact Us
© 2013 Maritime Nigeria | All Rights Reserved