Farmers Hail Buhari’s Forex Ban on Food Directive, Seek More Funds

The Lagos Chapter Chairman, All Farmers Association of Nigeria, Otunba Femi Oke, has lent his support for the President Mohammadu Buhari’s directive to the Central Bank of Nigeria, CBN to stop giving forex for food imports.

Oke however called for more financial help to farmers.

He said, “It is a very good development for the CBN not to release money to those importing food. This is because it will encourage us the local farmers to produce more to meet the demands at home.”

READ ALSO:Airtel Partners Google to Enhance Mobile Internet Experience in Nigeria

In its report on Selected Food Prices Watch released last month, the National Bureau of Statistics stated that the prices of some selected foods increased on a monthly basis.

It said, “Selected food price watch data for July 2020 reflected that the average price of one dozen of agric eggs medium size increased year-on-year by 1.24 per cent and month-on-month by 0.27 per cent to N474.12 in July 2020.”