Food Importation Contributed To Depletion Of Foreign Reserve – PMB — Nigeria Today
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Food Importation Contributed To Depletion Of Foreign Reserve – PMB


President Muhammadu Buhari has said that the unbridled importation of food also contributes to the depletion of  the country’s foreign reserves and  deprives citizens of job opportunities.

The president, in a statement yesterday, by his special adviser media, Femi Adesina, however, said that his administration will vigorously implement policies that will revive Nigeria’s  agricultural sector and reposition it as the mainstay of the national economy.

Speaking at an audience with the new Bulgarian Ambassador to Nigeria,  Mr Vesselin Blagoer Delcher, President Buhari said that his administration will evolve and implement policies that will help Nigeria become self-sufficient in food production adding that continued importation of food could expose the country to more external shocks.

He said, ‘‘We must produce what we eat. We don’t have unlimited resources to continue the importation of  food items that can be produced locally.Fortunately, some Nigerians have shown foresight by building factories that process agricultural products within the country.

‘‘They have created a value chain that boosts employment, protects our foreign reserves and safeguards the economy from external shocks.”

He stated that his governemnt will do all it can to encourage others to join in the effort to achieve national self-sufficiency in food production and further added  that his administration will also help, and encourage Nigerian farmers, to adopt technology-driven methods that guarantee higher production and returns on investment.


The post Food Importation Contributed To Depletion Of Foreign Reserve – PMB appeared first on Nigerian News from Leadership News.

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This post was syndicated from Nigerian News from Leadership News. Click here to read the full text on the original website.


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