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IMI Nigeria Limited
is the manufacturing company harvesting and processing Hypoestoxide. Under the
direction of Paraquest, Inc., IMI Nigeria Limited has successfully cultivated
and domesticated
Hypoestes rosea
outside its natural, wild habitat. This ensures conservation since
deforestation does not occur. By cultivation of the plant, IMI Nigeria Limited
will provide opportunities for the employment of workers within the local
community. Besides job procurement, IMI Nigeria Limited will make Royalty
payments per annum into a Trust Fund set up by the Government of Nigeria, to
serve relevant stakeholders such as National Institutions, National Center for
the Genetic Resources and Biotechnology and Ministry of Environment.
The Federal Government of Nigeria, through the Federal Ministry of Environment
and other relevant bodies, has granted IMI Nigeria Limited, the
Biodiversity Access Permit for the commercial exploitation of Hypoestes rosea.
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