Connectley Nigeria
  • Biography
  • Education
    • N-Power
  • Entertainment
    • Big Brother Naija
    • Celebrity Gist
  • News
    • Business
    • Crime
    • Headlines
    • Metro
    • Politics
  • All Sports News
    • Naija Sports News
    • Foreign Football News
    • Match Reports
    • Transfer Window
  • Videos
    • Comedy Videos
    • Football Highlights
  • Others
    • Tech
    • How To
  • Lifestyle
Reading: Buhari directs CBN to suspend forex for food items, fertiliser
Share
Notification Show More
Latest News
Chelsea team news and transfer
Chelsea Football Club confirm sale of club to new owners
May 7, 2022
NYSC anthem composer Adetiran
NYSC National Anthem composer, Oluwole Adetiran dies at 74
May 7, 2022
Young Lyric
Young Lyric’s Biography: real name, net worth, age, dad, NBA Young, parents, Instagram, Wikipedia
May 1, 2022
Nigerian newspapers
Today Nigerian Newspapers front-page review, Sunday 1 May 2022
May 1, 2022
Tayo Faniran Burna Boy and Jay Z
Burna Boy is better than Jay-Z – BBNaija star, Tayo Faniran hails singer
April 30, 2022
Aa
Connectley Nigeria
Aa
  • Biography
  • Education
  • Entertainment
  • News
  • All Sports News
  • Videos
  • Others
  • Lifestyle
Search
  • Biography
  • Education
    • N-Power
  • Entertainment
    • Big Brother Naija
    • Celebrity Gist
  • News
    • Business
    • Crime
    • Headlines
    • Metro
    • Politics
  • All Sports News
    • Naija Sports News
    • Foreign Football News
    • Match Reports
    • Transfer Window
  • Videos
    • Comedy Videos
    • Football Highlights
  • Others
    • Tech
    • How To
  • Lifestyle
Follow US
  • About
  • Contact Us
  • Privacy Policy
  • Terms of Service
Connectley Nigeria > News > Business > Buhari directs CBN to suspend forex for food items, fertiliser
Business

Buhari directs CBN to suspend forex for food items, fertiliser

Olajire Taofeek
Olajire Taofeek  - Publisher September 10, 2020
Updated 2020/09/11 at 7:33 AM
President-muhammadu-buhari
President-muhammadu-buhari

President Muhammadu Buhari has directed the Central Bank of Nigeria (CBN) not to provide forex for the importation of food items or fertilizer.

Speaking on Thursday at a meeting of the National Food Security Council at the State House in Abuja, the president urged private businesses bent on food importation to source their foreign exchange independently, saying “use your money to compete with our farmers, instead of using foreign reserves to bring in compromised food items to divest the efforts of our farmers”.

READ ALSO:  NCC Reveals Why Nigerians Mustn't Allow Anybody Link Their SIM To Their NIN

“We have a lot of able-bodied young people willing to work and agriculture is the answer. We have a lot to do to support our farmers,” a statement by Garba Shehu, a presidential spokesman, quoted Buhari to have said.

“From only three operating in the country, we have 33 fertilizer blending plants now working. We will not pay a kobo of our foreign reserves to import fertilizer. We will empower local producers.”

TAGGED: CBN, Foreign exchange, President Muhammadu Buhari, Vanguard

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share this Article
Facebook Twitter Pinterest Whatsapp Whatsapp LinkedIn Telegram Email Print
Posted by Olajire Taofeek Publisher
Follow:
I've been a freelance web developer and blogger for a while now, and I have passion for both. Like most men, I'm a football lover, infact I prefer playing to watching matches. Personally, I believe with dedication there's no limit to what we can achieve. Yes, we all have the power and ability to do that. You can contact me via [email protected] for your web design and development gigs.
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular on Connectley Naija News

Paul Pogba
Paul Pogba hints teammates Man Utd exit after leaving club’s WhatsApp group
Foreign Football News
Just In: Alaafin of Oyo, top Yoruba monarch, is dead - Naija News 247
Just In: Alaafin of Oyo, top Yoruba monarch, is dead
Metro
King Kenny Biography and Facts - Naija News 247
King Kenny Biography, Real Name, Age, YouTube, Is he a Nigerian?
Biography
Actor Williams Uchemba laments over high rate of fake products being sold in Nigeria - Naija News 247
Actor Williams Uchemba laments over high rate of fake products being sold in Nigeria
Celebrity Gist
Noah Jupe Biography and Fact - Naija News 247
Noah Jupe Biography and Fact
Biography
Jonathan challenges ECOWAS on use of ICT for credible elections - Naija News 247
Former President Goodluck Jonathan speaks on running for 2023 Presidency
Politics
Davido and his new girlfriend video leaked
Davido and his new girlfriend’s video leak online
Celebrity Gist
Dalton Gomez Biography and Facts - Naija News 247
Dalton Gomez Biography and Facts
Biography
Osinachi Nwachukwu autopsy report
Osinachi Death: Late Ekwueme Singer Autopsy Report Is Out
Metro
Korra Obidi
Reactions as Korra Obidi shares new video dancing after her divorce
Celebrity Gist

You Might Also Like

Aviation crisis lingers as airlines, marketers fail to agree on Jet fuel price - Naija News 247
Business

Aviation crisis lingers as airlines, marketers fail to agree on Jet fuel price

March 18, 2022
JUST IN: Dollar To Naira Exchange Rate/Black Market Rate - Naija News 247
Business

Black Market, Official Dollar to Naira exchange rate today, Wednesday 16 March 2022

March 16, 2022
Exchange Rate for the day: Dollar To Naira (24 February 2022) - Naija News 247
Business

Black Market, Official Dollar to Naira exchange rate today, Tuesday 15 March 2022

March 15, 2022
Lekki deep seaport to commence activities Sept.- FG - Naija News 247
Business

Lekki deep seaport to commence activities Sept.- FG

March 13, 2022
Connectley Nigeria
Follow US

Connectley - Naija News 247

  • About
  • Contact Us
  • Privacy Policy
  • Terms of Service
Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?