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Friday, 11 September 2020

Buhari Directs CBN To Suspend Forex For People Importing Food Or Fertilizer


President Muhammadu Buhari has stated that people importing food or fertilizer into the country should not be given foreign exchange from the Central Bank. 

 

The President who said this via tweets shared on his official Twitter account averred that his administration will be empowering local farmers and producers.

 

Buhari affirmed that agriculture is the answer, and also added that there are able-bodied young people willing to work. 

 

He tweeted;

I am restating it that nobody importing food or fertilizer should be given foreign exchange from the Central Bank. We will not pay a kobo of our foreign reserves to import food or fertilizer. We will instead empower local farmers and producers.

We have a lot of able-bodied young people willing to work, and agriculture is the answer

 

People importing food or fertilizer should not be given foreign exchange from the Central Bank - President Buhari

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