By CHIOMA OBINNA
LAGOS—Nigeria Natural Medicine Development Agency, NNMDA, and the Bioresources Development and Conservation Programme, have urged Nigerians to conserve, standardise and strengthen exports of herbal products to boost the country’s economy.
The experts, who addressed newsmen in Lagos on the forthcoming Herbal Festival, HerbFEST, noted that such initiative would help the country correct its lapses and lackadaisical attitude in the global herbal market and the African Growth and Opportunity Act, AGOA, initiative, which they said the country was yet to take advantage of.
NNMDA Director- General, Mr. Tamuno Okujagu, identified bio-business or herbal export as one of the best ways the country can take active part in the AGOA initiatives and global herbal economy, which is valued for over $100 billion.
He said that emergence of new technology had brought renewed global focus on the sustainable use of plants and genetics materials in the development of new products in agricultural, food, pharmaceutical and cosmetics industry, hence the justification for HerbFEST.