Don’t Provide Money For Food Importation, We Must Eat What We Produce Locally – Buhari Orders CBN
3 weeks ago Dammylink 0
President Muhammadu Buhari has directed the Central Bank of Nigeria (CBN) not to provide foreign exchange for the importation of food items.
Buhari spoke on Tuesday at the fifth regular meeting with the presidential economic advisory council that held at the statehouse in Abuja.
This is the third time that the president would issue the directive; first in August 2019 and again in September 2020.
A statement released by Garba Shehu, the president’s senior special assistant on media and publicity, quoted Buhari as saying his administration will tackle food inflation in 2021.
According to the National Bureau of Statistics, food inflation stood at 18.30 percent in November; a sign of increasing food prices in the country.
“Already, about seven states are producing all the rice we need. We must eat what we produce,” Buhari said