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No more foreign reserves to import food, fertilizer – Buhari

President Muhammadu Buhari has directed the Central Bank of Nigeria (CBN) not to give any foreign exchange for the importation of food and fertilizer henceforth.

READ ALSO:  SERAP drags Buhari to Court over N800b looted funds

Buhari gave the directive in his Official Twitter handle (@MBuhari) on Thursday, September 11, 2020.

“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.”

READ ALSO:  Goals by Ronaldo with head, right, left legs in celebrated 101th goals

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www.sojworldnews.com (c) September 11, 2020

Written by Adesoji OMOSEBI

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