President Muhammadu Buhari has, again, directed the Central Bank of Nigeria (CBN) not to release from the country’s reserves for the importation of food items. He said seven states are already producing rice for the citizens’ consumption.
President Buhari had, while hosting All Progressives Congress governors to Eid-el-Kabir lunch at his country home in Daura, Katsina State in August, directed the apex bank to stop providing foreign exchange for importation of food into the country.
He reiterated the same warning in September when he directed the CBN not to release ‘a kobo’ for the importation of food items and fertilisers.
Buhari gave the directive while speaking during the fifth regular meeting with the Presidential Economic Advisory Council (PEAC), yesterday, at the State House in Abuja.
The PEAC members did their presentation virtually, while President Buhari, Vice President Yemi Osinbajo, Finance Minister, Zainab Ahmed, and Humanitarian Affairs, Disaster Management and Social Development, Sadiya Umar Farouk, were physically present at the council chambers. (Sun)