No more foreign exchange for food imports-President Buhari

President Muhammadu Buhari says with the steady improvement in agricultural production, and attainment of full food security, he has directed the Central Bank of Nigeria (CBN) to stop providing foreign exchange for importation of food items into the country.

The President disclosed this on Tuesday in Daura, Katsina State, where he is celebrating this year’s Eid-Al-Adha.

The President, who hosted Governors elected under the platform of the All Progressives Congress (APC) to Eid-al-Adha lunch at his private 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.

The 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.

President Buhari with APC Governors in Daura

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

The Nigerian leader 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.

He said the incoming ministers will be taught’’ and thoroughly guided to ensure they meet the targets of the APC-led government for the people, with regular monitoring of their performances and scaling up of targets by the Office of the Secretary to the Government of the Federation (OSGF).

The President assured that he will attend the Presidential Policy Retreat organized for the ministers by the OSFG, and insisted on compliance with laid down targets on key sectors of the economy that will directly impact on the livelihood of Nigerians.

In his remarks, the Chairman of the Nigerian Governors’ Forum and Governor of Ekiti State, Dr Kayode Fayemi, said the President’s sense of justice, fairness and forthrightness had turned a major inspiration to governors on the way forward for the country.

He said the challenges faced by states were enormous, but the governors had remained undaunted, assuring the President of strong support and the very best effort to overcome all the obstacles.

The Chairman of the Progressive Governors Forum and Governor of Kebbi State, Alhaji Atiku Bagudu, appreciated the President for the unique leadership style of maintaining a healthy relationship with governors on individual and collective basis, pointing out that they had been “energized’’ to do more in their states.

The governor commended the President for making bold and courageous efforts to reposition the economy for Nigerians through inclusive policies.

“The country is more secure than in 2015, and the country is more prosperous than in 2015 because you are working for the majority of the people,’’ he added.

The governor said the party had been repositioned, after the 2019 elections, to work for the benefit of the majority of Nigerians, noting that “there will be two elections this year and we need to work towards winning the two states.’’

Ime Njoku

The post No more foreign exchange for food imports-President Buhari appeared first on Voice of Nigeria.

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