President of the Federal Republic of Nigeria, Muhammadu Buhari, has assented to the International Coffee Agreement 2007, as it aims to play the role of an essential instrument for development.
The signing of the agreement will stand and serve as a legal framework for activities undertaken by the International Coffee Organisation, ICO since Nigeria is now a full-fledged member.
The President recently gave his consent in Abuja, following the approval of the country’s ICO membership by the Federal Executive Council, FEC.
On Thursday, this information was relayed to journalists by the Senior Special Assistant to the President on Media and Publicity, Malam Garba Shehu.
‘“The FEC meeting had agreed on October 21, 2020, with emphasis on Conclusion 10, which approved the preparation of the Instrument of Ratification of Nigeria’s membership of the International Coffee Organisation and International Coffee Agreement of 2007.” He said.
International Coffee Agreement 2007
Shehu noted that the 2007 Agreement will strengthen the ICO’s role as a forum for intergovernmental consultations, facilitate international trade through increased transparency and access to relevant information,
He added that the agreement would also promote a sustainable coffee economy for the benefit of all stakeholders, and mainly small-scale farmers in coffee-producing countries.
He disclosed that the Attorney-General of the Federation and Minister of Justice, Abubakar Malami, prepared the Instrument of Ratification.