President Muhammadu Buhari has directed the Central Bank of Nigeria (CBN) to stop issuing foreign exchange for food and fertiliser imports.
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The President had issued similar directives last year but it was discovered that some food importers still had access to foreign exchange.
However in a tweet via his official Twitter handle, Buhari said the country has enough able-bodied youths who can improve the agricultural sector.
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“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.
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“We have a lot of able-bodied young people willing to work, and agriculture is the answer,” he tweeted.
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