We must eat what we produce President Buhari Stops CBN from giving money to importers of food

President Buhari has once more instructed the central bank of Nigeria (CBN) to not provide exchange for the importation of food items.

The President gave the directive at the fifth regular meeting with the presidential economic advisory council that held at the statehouse in Abuja today December 29.

A statement released by Garba Shehu, the president’s senior special assistant on media and publicity, quoted President Buhari as saying Nigerians must eat what's produced here.

The CBN must not give money to import food. Already, about seven states are producing all the rice we want. We must eat what we produce. Going back to the land is that the answer . we rely on petrol at the expense of agriculture. Now the refining industry is in turmoil. We are being squeezed to supply at 1.5 million barrels each day as against a capacity to supply 2.3 million. At an equivalent time, the technical cost of our production per barrel is high, compared to the middle East production

We will still encourage our people to go back to the land. Our elite is indoctrinated within the concept we are rich in oil, leaving the land for the city for oil riches.

We are back to the land now. We must not lose the chance to make life easier for our people. Imagine what would have happened if we didn’t encourage agriculture and closed the borders. we would have been in trouble.”he said

This is the third time that the President would issue CBN the directive to not give food importers foreign exchange. the first time was in August 2019 and again in September 2020.

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