Importation: Buhari Explains Why He Stopped Forex For Food - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Editor 4
August 14, 2019
President Muhammadu Buhari says the directive to theCentral Bank of Nigeria to stop providing foreign exchange for food importationwas to improve agricultural production and attain full food security.
The President’s spokesman in a statement, GarbaShehu, said Buhari stated this when he hosted All Progressives Congress, APCgovernors to Eid-el-Kabir lunch at his country home in Daura, Katsina State.
According to the president, the foreign reserve willbe used strictly for diversification of the economy and not for encouraging moredependence on foreign food.
The President noted that some states like Kebbi,Ogun, Lagos, Jigawa, Ebonyi and Kano had taken advantage of the FederalGovernment’s policy on agriculture with huge returns in rice farming.
He, therefore, urged more states to plug into theongoing revolution to feed the nation.
In his remarks, the Chairman of the Nigerian Governors’ Forum, Governor Kayode Fayemi of Ekiti, said the President’s sense of justice and fairness had been inspiring to governors.