Forex: Shehu Sani Hails Buhari Over Fresh Directive To CBN

Shehu Sani has commended President Muhammadu Buhari’s directive to the to stop providing foreign exchange for the importation of food into the country.

Naija News understands that this was made known in a statement issued on Tuesday by the presidential spokesman, Garba Shehu.

In the statement, Shehu said the president gave the directive is to ensure the steady improvement in agricultural production and attainment of full food security.

Buhari noted that some states like Kebbi, Ogun, Lagos, Jigawa, Ebonyi and Kano have already taken advantage of the Federal Government’s policy on agriculture with huge returns on rice farming, urging more states to plug into the ongoing revolution to feed the nation.

Reacting in a post on Twitter, Shehu Sani described the directive as a step in the right direction.

He wrote: “The President’s directive to the CBN to stop issuance of Forex for food importation is the right step forward” as this will boost food production in Nigeria.

“The President directive to the CBN to stop issuance of Forex for food importation is the right step forward.

“It will boost food production at home.

“Next is to hand over Agric financing to the Bank of Agriculture & not CBN & protect farmers from Kidnappers.”