Home Agriculture PROTECTING LOCAL MARKETS — NO ALLOCATION FOR FOOD, FERTILIZER IMPORTS – Buhari...

PROTECTING LOCAL MARKETS — NO ALLOCATION FOR FOOD, FERTILIZER IMPORTS – Buhari orders CBN; Commends Adesina, Adeduntan

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As the Federal Government rolls out the Economic Sustainability Plan and sets the goal for National Food Security, President Muhammadu Buhari on Thursday ordered the Central Bank of Nigeria ”not to issue a kobo” of the country’s reserves for the importation of food items and fertilizer. A State House media statement today explained that President Buhari restated his earlier verbal directive to the apex bank, at a meeting of the National Food Security Council at the State House, Abuja, saying he will pass it down in writing that ”nobody importing food should be given money.” In another development, the president also received in audience at State House, Abuja, the newly re-elected President of African Development Bank (AfDB), Dr Akinwumi Adesina, telling him: “I congratulate you on your second and final term in office. Congratulations on winning the election. Nothing succeeds like success.” The president also rejoiced with Dr Adesola Kazeem Adeduntan, Managing Director, First Bank Nigeria Limited, as he receives Forbes Best of Africa Award, September 11, 2020, in New York, United States. At the food security meeting, Buhari emphasized the need to boost local agriculture, the President 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.” Furthermore, President Buhari also directed that blenders of fertilizer should convey products directly to State governments so as to skip the cartel of transporters undermining the efforts to successfully deliver the products to users at reasonable costs. The President advised 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. ”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,” President Buhari said. The meeting, chaired by the President with other key members of the Council in attendance, was briefed on the food security situation prevailing in the country. Notably, the Vice Chairman of the council and Governor of Kebbi State, Atiku Bagudu, the Chief of Staff to the President, Prof. Ibrahim Gambari and a Governor from each of the six geo-political zones – Jigawa, Plateau, Taraba, Ebonyi, Lagos and Kebbi, made presentations….

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