Global News

Buhari Directs CBN To Halt Forex For Fertiliser, Food Items

Buhari Directs CBN To Halt Forex For Fertiliser, Food Items (Updated: 2 years ago)


President Buhari has advised the Central Bank of Nigeria (CBN) to stop implementing forex for the importation of food items or fertilizer.

Speaking on Thursday at a meeting of the National Food Security Council at the State House in Abuja, the president asked private businesses bent on food importation to source their foreign exchange independently.

He also showed that blenders of fertilizer should convey products directly to State governments to skip the cartel of transporters undermining the efforts to successfully deliver the products to users at reasonable costs.

The President in a report issued by his Senior Special Assistant on Media and Publicity, Mallam Garba Shehu, urged private businesses bent on food importation to source their foreign exchange independently, sayinag ”use your money to compete with our farmers”, instead of using foreign reserves to bring in compromised food items to divest the efforts of our farmers.

Wrote on Twitter;

“I am restating it that nobody importing food or fertilizer should be given foreign exchange from the Central Bank. We will not pay a kobo of our foreign reserves to import food or fertilizer. We will instead empower local farmers and producers. We have a lot of able-bodied young people willing to work, and agriculture is the answer.

Add a coment

Recent Posts

Korede Bello
Korede Bello
Ruffcoin
Ruffcoin
DJ Enimoney
DJ Enimoney
Waje
Waje
Papisnoop
Papisnoop
Rexxie
Rexxie
DJ Lambo
DJ Lambo
Tems
Tems
Jaywon
Jaywon
Ijoba...
Ijoba...
CDQ
CDQ
Terry Apala
Terry Apala
Oxlade
Oxlade
Kwesi Arthur
Kwesi Arthur
Chinko Ekun
Chinko Ekun
King Perryy
King Perryy
Adekunle Gold
Adekunle Gold
JamoPyper
JamoPyper
DJ OP Dot
DJ OP Dot
Peruzzi
Peruzzi
DJ Jasz
DJ Jasz
Kizz Daniel
Kizz Daniel
Temmie Ovwasa
Temmie Ovwasa
Rudeboy
Rudeboy
Eva Alordiah
Eva Alordiah
SuperBalat
SuperBalat
Asake
Asake
Ruger
Ruger
Medikal
Medikal
Ladipoe
Ladipoe
Timaya
Timaya
Dotman
Dotman
Faze
Faze
Popcaan
Popcaan
Diamond Jimma
Diamond Jimma
KayKay...
KayKay...
Zinoleesky
Zinoleesky
Otile Brown
Otile Brown
Ozzybee
Ozzybee
Lyta
Lyta
NAIJAKIT.COM