suspend the giving of foreign exchange for food and fertilizer imports,
is an action borne out of patriotism.
The presidential spokesman who was a guest on Channels Television’s
Sunrise Daily said the President’s motive stems purely from devotion in
the best interest of the country.
“Nigerians must give consideration for the fact that the President’s
directive to the CBN is driven by nothing other than a patriotic
motive,” the senior special assistant to the president stated.
In his quest to boost agriculture in the country, President Buhari’s on
Thursday directed the Central Bank of Nigeria (CBN) not to give foreign
exchange for food and fertilizer imports, a move which some have frowned
at, arguing that the CBN’s policies should not be imposed by a political
authority.
Addressing those who hold the view that Buhari’s directive is
overreaching, Mr Shehu said, “I am not sure there is anywhere in the
world that the Central Bank is So independent that it will operate as
foreign ownership”.
