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food importation

Buhari tasks farmers on massive food production

…Says ‘no money for food importation’ …Approves medical research, facilities’ funding by TETFund President Muhammadu Buhari has challenged Nigerian farmers on the need to embark on massive productive agricultural activities this farming season as Nigeria has no money for food importation. The president gave the challenge shortly after observing this year’s Eid prayer alongside members […]

Forex restriction: Agriculture sector can provide 50 million jobs – NASME

The Nigerian Association of Small and Medium Enterprises (NASME) has stated that the agriculture value chain can provide over 50 million jobs if the Federal Government stops forex restriction as well as place an outright ban on food import. The Chairman of Agricultural Group of NASME, Lagos Chapter, Adam Adebayo made this suggestion in Lagos […]

Anchor Borrowers scheme: CBN claims it saved Nigeria N1trn foreign exchange

CBN

The Central Bank of Nigeria (CBN) has claimed that it has saved over N1 trillion wasted away in foreign exchange annually through food importation which had contributed immensely in economic downturn. This it revealed while justifying the rationale behind its nationwide ongoing Anchor Borrowers Programme on agriculture, saying the initiative came as a lifeline for […]