Buhari directs cbn to restrict forex

Buhari directs cbn to restrict forex

9/10/ · Nigeria’s president, Muhammadu Buhari has again directed the Central Bank of Nigeria (CBN) not to provide forex for the importation of food items or fertilizer. The president was, according to the Cable, gave the directive while speaking on Thursday at a meeting of the National Food Security Council at the State House in blogger.comted Reading Time: 40 secs Buhari restated his earlier verbal directive to the apex bank, saying he would pass it down in writing that ”nobody importing food should be given money.” While emphasizing the need to boost local agriculture, the president said: ”From only three operating in the country, we 12/30/ · President Muhammadu Buhari has mandated the Central Bank of Nigeria (CBN) to maintain its non-provision of foreign exchange policy for food importation. He gave the directive while delivering his speech at the fifth regular meeting with the presidential economic advisory council which took place on Tuesday at the statehouse in Abuja

Investogist | Buhari directs CBN to stop forex for food items, fertilizer importation

President Muhammadu Buhari has buhari directs cbn to restrict forex the Central Bank of Nigeria not to provide foreign exchange for the importation of food, saying his administration has achieved buhari directs cbn to restrict forex security. Mr Buhari said this in Daura, Katsina, on Tuesday as he hosted APC governors to Eid-el-Kabir lunch, his spokesperson, Garba Shehu, said in a statement.

President Muhammadu Buhari Tuesday in Daura, Katsina State, disclosed that he has directed the Central Bank of Nigeria CBN to stop providing foreign exchange for importation of food into the country, with the steady improvement in agricultural production, and attainment of full food security.

The President, who hosted All Progressives Congress APC governors to Eid-el-Kabir lunch at his country home in Daura, said the foreign reserve will be conserved and utilized strictly for diversification of the economy, and not for encouraging more dependence on foreign food import bills. President Buhari said he was particularly delighted that young Nigerians, including graduates, had started exploring agric-business and entrepreneurship, with many posting testimonies of good returns on their investments.

The President assured that he will attend the Presidential Policy Retreat organized for the ministers by the OSFG, and insisted on compliance with laid down targets on key sectors of the economy that will directly impact on the livelihood of Nigerians.

The governor commended the President for making bold and courageous efforts to reposition the economy for majority Nigerians through inclusive policies. TEXT AD: To advertise here. EndSARS: Latest Updates. Email Address. All content is Copyrighted © The Premium Times, Nigeria. The Membership Club PT Hausa About Us Advert Rates Careers Contact Us.

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[Business Nigeria] Impact Of CBN Forex Restriction List On Naira And Entire Business Community

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Buhari Directs CBN to Maintain Non Supply of Forex To Food Importers | blogger.com

9/10/ · Nigeria’s president, Muhammadu Buhari has again directed the Central Bank of Nigeria (CBN) not to provide forex for the importation of food items or fertilizer. The president was, according to the Cable, gave the directive while speaking on Thursday at a meeting of the National Food Security Council at the State House in blogger.comted Reading Time: 40 secs 9/10/ · As the prices of food items surge in Nigeria, President Muhammadu Buhari has directed the Central Bank of Nigeria (CBN) to stop the provision of forex for the importation of food items or fertilizer. The president gave this directive while speaking at a meeting of the National Food Security Council at the State House in Abuja on Thursday according to Vanguard 9/10/ · by David O Royal. President Muhammadu Buhari has directed the Central Bank of Nigeria (CBN) not to provide forex for the importation of food items or Estimated Reading Time: 8 mins