FG tells CBN to halt forex for food, fertiliser

The Central Bank of Nigeria has been mandated by the Federal Government to halt foreign exchange for the importation of food items or fertiliser.

Speaking at a meeting of the National Food Security Council on Thursday at the State House, Abuja, President Muhammadu Buhari asked private businesses bent on food importation to source their forex independently.

He also said that blenders of fertiliser should convey products directly to state governments to skip the cartel undermining the efforts to successfully deliver the products to users at reasonable costs.

The president in a statement issued by his Senior Special Assistant on Media and Publicity, Garba Shehu,said, “Use your money to compete with our farmers, instead of using foreign reserves to bring in compromised food items to divest the efforts of our farmers.”

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