jeopardy for Nigeria. We export scarce foreign exchange for impor

 

With these serial financial leakages, on frivolous imports, is President Buhari doubting where Nigeria’ s money is? Can we with these luxury imports including petroleum products we have in abundance, say Nigeria is broke? Is Nigeria broke or simply wasteful? I suggest Preside stanyarhouse.com nt Buhari’s administration must put its weight behind the CBN in enforcing the Bank’s decision to ban foreign exchange for importation of rice, fish and other items which can and must be produced at home.

The case of rice is double jeopardy for Nigeria. We export scarce foreign exchange for imported rice putting pressure on naira value while as the CBN put it, “…this trend has resulted in huge unsold stock of paddy rice cultivated by our farmers and low operating capacities of many integrated rice mills in Nigeria.” President Buhari and his deputy, Yemi Osinbajo, commendably cut their salaries by half as part of the gesture in reducing technotoday.org costs of governance. Pray, how many state governors have joine theamericanbuzz.com d? The two also made their assets public. How many public officers have followed the example of the President and his deputy?

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