Nigerian president tells central bank to stop funding food imports

The Central Bank of Nigeria

Nigeria’s president has ordered the country’s central bank not to make foreign currency available to fund food imports.

President Muhammadu Buhari’s drastic policy change was announced on August 13 in a message from his official spokesman on Twitter. Buhari “disclosed that he has directed the Central Bank of Nigeria to stop providing foreign exchange for importation of food into the country, with the steady improvement in agricultural production, & attainment of full food security,” his

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