The Manufacturers Association of Nigeria, MAN said it has not understood the importance of President Muhammadu Buhari’s directive to the Central Bank of Nigeria, CBN on restriction of foreign exchange to food importation into the country.
According to the Association, the directive if examine, revealed that it is broad and would have to be both specific, targeted and there should also be strategic implementation to achieve the purpose intended by government.
The MAN’s Director General, Segun Ajayi-Kadir in a position paper, stated that in the case of input for process, there is need to know the local capacity available compared to national demand and if not adequate, creditably determine what time and resources are needed to ramp up volume and production.
Ajayi-Kadiri pointed out the needed support that would sustain the stable progress in agricultural production and attainment of full food security, would have to be considered adding that on the matter at hand, what is needed is clarity.
