ADVERTISEMENT
  • Africa
  • World
  • Our Shows
    • Entrepreneurship
    • Destination Business
    • 101business TV Show
Business 360 News
  • Home
  • News
  • Markets
    • Stocks
  • Finance
  • Economy
    • Political Economy
    • Energy
    • Maritime
    • Agribusiness
    • Insurance
    • Real Estate
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
  • Sports
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Business Travels
    • Aviation
    • Tourism
    • Hospitality
  • Lifestyle
    • Art
    • Entertainment
    • Fashion
    • Luxury
  • NGOs
  • Business 360 Weekly
No Result
View All Result
  • Home
  • News
  • Markets
    • Stocks
  • Finance
  • Economy
    • Political Economy
    • Energy
    • Maritime
    • Agribusiness
    • Insurance
    • Real Estate
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
  • Sports
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Business Travels
    • Aviation
    • Tourism
    • Hospitality
  • Lifestyle
    • Art
    • Entertainment
    • Fashion
    • Luxury
  • NGOs
  • Business 360 Weekly
No Result
View All Result
Business 360 News
No Result
View All Result
Home Agribusiness

Buhari to CBN: ‘Don’t give Kobo for food, fertilizer imports. We will empower local producers’

Business 360 by Business 360
September 14, 2020
in Agribusiness
0
Buhari promises to promote national unity

President Buhari 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.


Malam Garba Shehu, one of the President’s spokesmen, in a statement in Abuja on Thursday, said the president gave the order at a meeting of the National Food Security Council at the State House, Abuja.

According to the president, the order has become imperative as the Federal Government rolls out the Economic Sustainability Plan and sets a goal for National Food Security.

Buhari restated his earlier verbal directive to the apex bank, saying he would pass it down in writing that ”nobody importing food should be given money.”
While emphasizing 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.”

He 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. ”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,” he said.

Previous Post

Trump and Biden, Targets of Russia, China and Iran hackers, Microsoft Says

Next Post

Nigerian- born Pearlena Igbokwe appointed Chairman US Universal Studio Group

Business 360

Business 360

Next Post
Nigerian- born Pearlena Igbokwe appointed Chairman US Universal Studio Group

Nigerian- born Pearlena Igbokwe appointed Chairman US Universal Studio Group

Leave a Reply Cancel reply

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

  • Trending
  • Comments
  • Latest
NCAC inaugurates Creative Industry Sub-Committees

NCAC inaugurates Creative Industry Sub-Committees

September 20, 2020
#EndSARS: Protesters receive heavy gun fire at Lekki toll gate

#EndSARS: Protesters receive heavy gun fire at Lekki toll gate

October 21, 2020
COVID-19: Churches comply with strict measures as worship centres reopen in Lagos

COVID-19: Churches comply with strict measures as worship centres reopen in Lagos

August 10, 2020
COVID-19: Maize Farmers cut down production by 30%

COVID-19: Maize Farmers cut down production by 30%

July 15, 2020
‘The existence of a production hub in Nigeria will go a long way for the Fashion Industry’. FUNMI RUFAI LADIPO, President Fashion Designers Association of Nigeria.(FADAN)

‘The existence of a production hub in Nigeria will go a long way for the Fashion Industry’. FUNMI RUFAI LADIPO, President Fashion Designers Association of Nigeria.(FADAN)

25
Goldlink’s restructures board

Goldlink’s restructures board

10
Airtel Africa Plc gets admitted to the NSE Main Board

Airtel Africa Plc gets admitted to the NSE Main Board

6
Stallion Tank Farm resumes operations

Stallion Tank Farm resumes operations

3
2023 Eonomy outlook: Financial Experts at Parthian Group offer recipe for profit taking in equities investment

2023 Eonomy outlook: Financial Experts at Parthian Group offer recipe for profit taking in equities investment

February 9, 2023
Deputy British High Commissioner Engages Capital Market Stakeholders

NGX Appoints Advisory Panel on Digital Technology Products

February 7, 2023
FMDQ Depository Limited Becomes a Member of the International Securities Services Association

FMDQ Depository Limited Becomes a Member of the International Securities Services Association

February 7, 2023
Ethiopian Airlines assures Air Travelers of planned resumption of flight to Kano and Enugu

Ethiopian Airlines Inaugurates a second Aviation Academy Campus in Hawassa

February 7, 2023
Business 360 News

Business 360 News is a Business and Financial News Platform with an SMEs drive. Published by 360 Network Limited, and created with the aim of disseminating unbiased business stories to readers within and outside Nigeria, providing in-depth analysis of our stories from a critical perspective against the backdrop of realities, actualities, objectivity and balance.

Follow Us

Browse by Category

  • Africa
  • Agribusiness
  • AI
  • Art
  • Arts
  • Aviation
  • Blockchain
  • Business 360 Weekly
  • Business Travels
  • Capital Market
  • Corporate
  • Destination Business
  • Economy
  • Education
  • Electric Vehicles
  • Energy
  • Entertainment
  • Entertainment
  • Entrepreneurship
  • Fashion
  • Fashion
  • Finance
  • Health
  • Hospitality
  • ICT
  • Insurance
  • IoT
  • Lifestyle
  • Luxury
  • Maritime
  • Meetings
  • News
  • NGOs
  • Political Economy
  • Real Estate
  • SMEs
  • Society
  • Solar Energy
  • Sports
  • Start-Ups
  • Stocks
  • Success Stories
  • Tech
  • Tourism
  • Transportation
  • Uncategorized
  • World

Recent News

2023 Eonomy outlook: Financial Experts at Parthian Group offer recipe for profit taking in equities investment

2023 Eonomy outlook: Financial Experts at Parthian Group offer recipe for profit taking in equities investment

February 9, 2023
Deputy British High Commissioner Engages Capital Market Stakeholders

NGX Appoints Advisory Panel on Digital Technology Products

February 7, 2023
  • Africa
  • World
  • Our Shows

© 2022 Business 360 News - Business, Finance And SMEs News | Design by Manifest!

No Result
View All Result
  • Home
  • News
  • Markets
    • Stocks
  • Finance
  • Economy
    • Political Economy
    • Energy
    • Maritime
    • Agribusiness
    • Insurance
    • Real Estate
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
  • Sports
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Business Travels
    • Aviation
    • Tourism
    • Hospitality
  • Lifestyle
    • Art
    • Entertainment
    • Fashion
    • Luxury
  • NGOs
  • Business 360 Weekly

© 2022 Business 360 News - Business, Finance And SMEs News | Design by Manifest!