Simplyleo:

As short as this report is, illiterates will still find it difficult to read as their d!cks are always in the waiting for onward masturbation at every news about Buhari especially the types that seemingly criticise his administration.

In clear terms, there is no ban on food importation, but no cent will be given to the importers of same at a reduced rate. The emboldened is what the president said, or words to that effect.

Watch out for jaundiced analyses from illiterates

chinavs9ja:
So who is now the liar, Buhari or FG


I am a professional website designer...check my signature

simonlee:
The issue has been whether the president has the power to issue such directives to the CBN in the first place.
we need strong and independent institutions in Nigeria and not a dictatorship kinda utterance in a democratic setting

evansjeff:


No one is a liar, you're the one that can't make use of your brain. That's if you have

simonlee:
The issue has been whether the president has the power to issue such directives to the CBN in the first place.
we need strong and independent institutions in Nigeria and not a dictatorship kinda utterance in a democratic setting

chinavs9ja:

I don't think you are in this World to know what Buhari said concerning the importation of food, he said we have enough food production here in Nigeria. Please always be updated sir!

Simplyleo:

In clear terms, there is no ban on food importation, but no cent will be given to the importers of same at a reduced rate. The emboldened is what the president said, or words to that effect.

Simplyleo:
As short as this report is, illiterates will still find it difficult to read as their d!cks are always in the waiting for onward masturbation at every news about Buhari especially the types that seemingly criticise his administration.

In clear terms, there is no ban on food importation, but no cent will be given to the importers of same at a reduced rate. The emboldened is what the president said, or words to that effect.

Watch out for jaundiced analyses from illiterates

simonlee:
The issue has been whether the president has the power to issue such directives to the CBN in the first place.
we need strong and independent institutions in Nigeria and not a dictatorship kinda utterance in a democratic setting

simonlee:
The issue has been whether the president has the power to issue such directives to the CBN in the first place.
we need strong and independent institutions in Nigeria and not a dictatorship kinda utterance in a democratic setting

ogododo:
The Presidency has described as untrue the Financial Times report suggesting that Nigeria has placed restrictions on importation of agricultural products into the country.

News Agency of Nigeria reports that the article, with the headline, ‘Muhammadu Buhari sparks dismay over policy on food imports,’ was published on August 15, alleging that the Buhari administration had placed embargo or restrictions on food imports.

However, the Senior Special Assistant to the President on Media and Publicity, Garba Shehu, in a letter addressed to the Editor of the Financial Times and made available to newsmen in Abuja on Sunday, dismissed the content of the article, describing it as incorrect.

According to the presidential aide, there is no ban or restriction placed on the importation of agricultural products into the country, as being insinuated in the report.

He maintained that the Buhari administration had consistently worked towards strengthening Nigeria’s own industrial and agricultural base.

The statement reads in part: “Sir – Your article ‘Muhammadu Buhari sparks dismay over policy shift on food imports’ (Aug. 15) suggests the Nigerian Government is restricting the import of agricultural products into the country. This is simply incorrect.

“To be absolutely clear, there is no ban or restriction on the importation of food items whatsoever.

“President Buhari has consistently worked towards strengthening Nigeria’s own industrial and agricultural base. A recent decision sees the Central Bank maintain its reserves to put to use helping growth of domestic industry in 41 product sectors rather than provide FOREX for the import of those products from overseas.

“Should importers of these items wish to source their FOREX from non-government financial institutions (and pay customs duty on those imports – increasing tax-take, something the FT has berated Nigeria for not achieving on many occasions) they are freely able to do so.

“Diversification of FOREX provision towards the private sector and away from top-heavy government control, a diversification of Nigeria’s industrial base, and an increase in tax receipts – are all policies one might expect the Financial Times to support.

“Yet for reasons not quite clear, the author and this newspaper seem to believe the president’s administration seeks to control everything – and yet do so via policies that relinquish government control.

“We look forward to the next installment of M. Munshi’s bizarre and puzzling article series.” he said.

(NAN)
https://punchng.com/theres-no-ban-on-food-importation-fg-replies-financial-times/amp

budaatum:
Does my bubu not sound like dictator Trump with his "tariffs"? I bet you Trump wishes he could dictate to the Federal Reserve.

I wonder what CBN would be like if they were independent.

Simplyleo:

As short as this report is, illiterates will still find it difficult to read as their d!cks are always in the waiting for onward masturbation at every news about Buhari especially the types that seemingly criticise his administration.

In clear terms, there is no ban on food importation, but no cent will be given to the importers of same at a reduced rate. The emboldened is what the president said, or words to that effect.

Watch out for jaundiced analyses from illiterates

chinavs9ja:
So who is now the liar, Buhari or FG


I am a professional website designer...check my signature

simonlee:
The issue has been whether the president has the power to issue such directives to the CBN in the first place.
we need strong and independent institutions in Nigeria and not a dictatorship kinda utterance in a democratic setting

Osezzua:



Did u read the original article by Financial Times before concluding that Garba Shehu's response was ok? U might b just as daft as Garba Shehu if u continue to tow this path. For ur information please read the article from financial times before u reply me?

https://www.ft.com/content/e09f8c92-beac-11e9-b350-db00d509634e

danjumakolo:
In lay man terms.
No ban on food items,but you should source your own fx to import items like rice,milk etc.You don't expect gvt to subsidize your fx to import what can be locally produced here.Smart guys will now be looking at local rice production n processing.Milk can also be produced from ranching etc

chinavs9ja:

I don't think you are in this World to know what Buhari said concerning the importation of food, he said we have enough food production here in Nigeria. Please always be updated sir!

ogododo:
The Presidency has described as untrue the Financial Times report suggesting that Nigeria has placed restrictions on importation of agricultural products into the country.

News Agency of Nigeria reports that the article, with the headline, ‘Muhammadu Buhari sparks dismay over policy on food imports,’ was published on August 15, alleging that the Buhari administration had placed embargo or restrictions on food imports.



“We look forward to the next installment of M. Munshi’s bizarre and puzzling article series.” he said.

(NAN)
https://punchng.com/theres-no-ban-on-food-importation-fg-replies-financial-times/amp

360degreess:
..What have you achieved as an educated person?.. Buhari has been a governor, a minister, a retired army general, a president before, a president now,and many more achievement. No one in your entire generation has come close to these achievement.. Buhari doesn't even know you exist,but you know who he is either you like it or not..

anthony86:
Sometimes Buhari economic direction is contradictory, you ban forex on food but provide forex on petrol and even subsidize it. Foriegn imported food must compete with local food evenly. Why then do you subsidize petrol.

budaatum:

I am hoping the oil subsidy is removed though I know there are forces that would oppose it. Price will shoot through the roof at first then settle as more petrol is imported due to the profit to be made then prices will drop through oversupply. Government just has to police collusion and price fixing.

My bubu! Remove petrol subsidy!

simonlee:
The issue has been whether the president has the power to issue such directives to the CBN in the first place.
we need strong and independent institutions in Nigeria and not a dictatorship kinda utterance in a democratic setting

Tianamen1:


You don't know jack about what it takes to run an economy and you would destroy any country you are privilege to manage. Energy and food prices are the most responsive to changes in an economy and are the most inflationary. Inflation robs people off of the value of their money so it throws people into poverty. Nigeria is already the poverty capital of the world.

Trade is global and commodities such as agricultural products and fuel are priced evenly globally. Nigeria cannot compete with western nations in agriculture because they practice mechanized farming, they have affordable quality Electricity for storage, and they have quality universities and extension workers that provide support to farmers. In Europe and America, farmers also receive subsidies to produce crops, so there is no way for a Nigerian farmer to compete based on price. this will inevitably result in smuggling and higher priced locally produced food, exacerbating poverty in Nigeria.

if government is serious about increasing the productivity of Nigerians, it should add mobile phones, computers, cars, and other electronics to its list of 41 items. These things are purchased solely by middle income people so the poor will be isolated. Labour is cheap in Nigeria and we have a lot of trainable graduates without work. This should be the focus of any serious government and not agriculture.