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No cent should go into food import, Buhari directs CBN



Muhammadu Buhari, president of Nigeria, asked the Central Bank of Nigeria (CBN) to stop supplying foreign currency for food imports.

Latest Nigeria News understands that this was announced in a statement released by Presidential spokesman Garba Shehu on Tuesday.

In the statement, Shehu stated that the president gave the directive to ensure a constant improvement in agricultural production and the achievement of full food security.

The president was said to have said this while hosting the governors of the All Progressive Congress (APC) of Eid-el-Kabir’s lunch at his country home in Daura.

The president said that the foreign reserve will be preserved and used for the diversification of the economy and not to encourage greater dependence on foreign food import bills.

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

The president was said to have noted some states like Kebbi, Ogun, Lagos, Jigawa, Ebonyi and Kano to have 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.