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President Buhari Bans Forex For Food Importation

President Muhammadu Buhari has directed the Central Bank of Nigeria not to provide foreign exchange for the importation of food, saying his administration has achieved food security.

Mr Buhari said this in Daura, Katsina, on Tuesday as he hosted APC governors to Eid-el-Kabir lunch, his spokesperson, Garba Shehu, said in a statement.

“Don’t give a cent to anybody to import food into the country,” the president was quoted as saying.

“We have achieved food security, and for physical security we are not doing badly,” he said.

The President, who hosted All Progressives Congress (APC) governors to Eid-el-Kabir lunch at his country home in Daura, said the foreign reserve will be conserved and utilized strictly for diversification of the economy, and not for encouraging more dependence on foreign food import bills.

“Don’t give a cent to anybody to import food into the country,” he said.

President noted that some states like Kebbi, Ogun, Lagos, Jigawa, Ebonyi and Kano had already taken advantage of the Federal Government’s policy on agriculture with huge returns in rice farming, urging more states to plug into the ongoing revolution to feed the nation.

“We have achieved food security, and for physical security we are not doing badly,”he said.

President Buhari said he was particularly delighted that young Nigerians, including graduates, had started exploring agric-business and entrepreneurship, with many posting testimonies of good returns on their investments.

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