Buhari directs CBN to stop Forex support to food importers


From: Biriowo Kazeem, Abuja

AS part of gestures to end food imports and boost local production, President Muhammadu Buhari on Tuesday disclosed he already instructed the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele to halt forex support to food importers.

The President disclosed this when the All Progressives Congress (APC) Governors visited him in Daura, Katsina State.

He explained that the foreign reserve would be used for economic diversification.

“Don’t give a cent to anybody to import food into the country,” says Buhari, adding: “We have achieved food security, and for physical security we are not doing badly”.

Nigeria is said to spend $22 billion annually importing food commodities.

The President, in a statement by his spokesperson, Garba Shehu noted that 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 on-going revolution to feed the nation.

He said the yet to be inaugurated ministers would be ‘taught’, guided and monitored to ensure they deliver on their responsibilities.

He promised to attend the Presidential Policy Retreat organized for the ministers by the OSGF, insisting on compliance with laid down targets on key sectors of the economy capable of impacting livelihood of the masses.

In his remarks, Dr John Kayode Fayemi, the Chairman of the Nigerian Governors’ Forum and Governor of Ekiti State, described the challenges confronting the states as ‘enormous’.

However, he assured the president of overcoming the problems.

Alhaji Atiku Bagudu, the Chairman of the Progressive Governors Forum and Governor of Kebbi State, applauded the President for his leadership style, maintaining a healthy relationship with the governors on individual and collective basis.

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