President Muhammadu Buhari said that he had directed the Central Bank of Nigeria not to give any importer foreign exchange to import food into Nigeria.
Also, at a separate event the president said he would set performance targets for his new ministers, while someone with expertise in agriculture would head the federal ministry of agriculture.
He said he ordered the CBN to stop giving forex to food importers because he was convinced that the country had achieved full food security and could cater for itself with the recent progress made in the agricultural sector.
The President noted that rather than spend hard currency on importing food, the federal government would preserve the country’s foreign reserve strictly for diversification of the economy.
He spoke at his country home in Daura, Katsina State, when the all progressives’ congress’ governors visited him to share the Eid-el-kabir lunch with him.
The governors were led by the chairman of the Nigeria governors’ forum, who is also the governor of Ekiti State, Dr. Kayode Fayemi.