President Muhammadu Buhari says the directive to the Central Bank of Nigeria to stop providing foreign exchange for food importation was to improve agricultural production and attain full food security.
The President’s spokesman in a statement, Garba Shehu, said Buhari stated this when he hosted All Progressives Congress, APC governors to Eid-el-Kabir lunch at his country home in Daura, Katsina State.
According to the president, the foreign reserve will be used strictly for diversification of the economy and not for encouraging more dependence on foreign food.
The President noted that some states like Kebbi, Ogun, Lagos, Jigawa, Ebonyi and Kano had taken advantage of the Federal Government’s policy on agriculture with huge returns in rice farming.
He, therefore, urged more states to plug into the ongoing 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.