Buhari Orders CBN On Forex And Food Importation. Is He On The Right Path?

By - - [ Politics ]

According to former minister of Education, Oby Ezekwesili, described the President Buhari as an "out-of-touch" leader with the implementation of restriction on the foreign reserve on importation. The President believes that the farmers and agricultural sector has grown exceedingly to the extent of exporting to the U.S, whereas reverse is the case.

In line with this, the President Buhari states that the foreign reserve should be conserved and utilized strictly for diversification of the economy.

What are your thoughts on this? Would this policy implementation boost the economy or not?

Buhari Orders CBN On Forex And Food Importation. Is He On The Right Path? - By Francis Ekezie - 2019-08-14 20:10:04

Yes, we should consume our own products.

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Buhari Orders CBN On Forex And Food Importation. Is He On The Right Path? - By Ishaq Ndako Suraju - 2019-08-14 20:11:20

But farmers keep on complain about the government every day 

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Buhari Orders CBN On Forex And Food Importation. Is He On The Right Path? - By Ayomide Feranmi - 2019-08-14 20:13:21

I don't think these can boost the economy positively o

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Buhari Orders CBN On Forex And Food Importation. Is He On The Right Path? - By Obaji ifeanyichukwu - 2019-08-14 20:16:05

This issue of forex trading needs to be addressed to put naira and other currencies on the right track

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Buhari Orders CBN On Forex And Food Importation. Is He On The Right Path? - By Chinemeze Ejelonu - 2019-08-14 20:38:42

The president is right, by now we should be exporting to the US, but the big question remains how well has the government supported farmers to achieving quality and quantity in production? Forecast isn't really our problem. 

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Buhari Orders CBN On Forex And Food Importation. Is He On The Right Path? - By AYOBAMI ABIODUN - 2019-08-14 20:48:48

Yes it will boost or help the local production in one way or the other

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Buhari Orders CBN On Forex And Food Importation. Is He On The Right Path? - By David Isaacs - 2019-08-14 20:49:05

It's good, but we all are aware that the quality of some of our products aren't standard. 

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Buhari Orders CBN On Forex And Food Importation. Is He On The Right Path? - By Timothy Idachaba - 2019-08-14 20:50:25

In as much as we looking for ways to boost the economy, i  suggest all decisions should be properly checked before execution

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Buhari Orders CBN On Forex And Food Importation. Is He On The Right Path? - By Emmanuel Ogwola - 2019-08-14 20:56:25

Yes because it will help our local food production and also improve our economy 

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Buhari Orders CBN On Forex And Food Importation. Is He On The Right Path? - By Ajayi Victor - 2019-08-14 21:07:43

This can't improve economic state of the country, it will rather cause inflation of goods and services

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Buhari Orders CBN On Forex And Food Importation. Is He On The Right Path? - By Olaleye Hammed - 2019-08-14 21:10:07

Yes, it will boost Nigeria economy because we will utilize our (local) that we have 

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Buhari Orders CBN On Forex And Food Importation. Is He On The Right Path? - By Mfon-Abasi Idio - 2019-08-14 21:18:14

Government should make made in Nigeria goods more affordable while we patronize them. My opinion though.

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Buhari Orders CBN On Forex And Food Importation. Is He On The Right Path? - By EMEKA NWAGALAKU - 2019-08-14 21:35:57

Yes, he is doing the right thing but should be done little by little. 

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Buhari Orders CBN On Forex And Food Importation. Is He On The Right Path? - By Taiwo Enoch - 2019-08-14 21:46:25

On that of forex he should first strike a balance between naira and dollar. Concerning importation there should be a way out or let me say reliable way out before going about that though its a good thinking

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Buhari Orders CBN On Forex And Food Importation. Is He On The Right Path? - By JOHN David J. - 2019-08-14 21:54:59

Sure this will bring about improvements in the aspect of food security in our great nation. Also, it will  create room for economic growth in the area of agriculture.

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Buhari Orders CBN On Forex And Food Importation. Is He On The Right Path? - By Fanim Peter Rimven - 2019-08-14 21:56:02

It's a giant step to Nigerians if the government will sincerely fund the agricultural sector.

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Buhari Orders CBN On Forex And Food Importation. Is He On The Right Path? - By Otukoya Omotayo - 2019-08-14 22:16:09

We are not yet in that position, when we have full of our products then we can stop from getting from outsider. 

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Buhari Orders CBN On Forex And Food Importation. Is He On The Right Path? - By Asah Endurance - 2019-08-14 22:35:56

My own opinion is that, it is high time we Nigeria come up to age and begin to patronize our own products and the Government should do what they need to do to boost our currency 

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Buhari Orders CBN On Forex And Food Importation. Is He On The Right Path? - By John Asuzu - 2019-08-14 22:37:14

Our agricultural sector is still not in order to feed nation.

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Buhari Orders CBN On Forex And Food Importation. Is He On The Right Path? - By Rose Okah - 2019-08-14 22:42:53

Even if they ban importation, our customs officer won't heed, they are the main problem here

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Buhari Orders CBN On Forex And Food Importation. Is He On The Right Path? - By Onwa Matthew - 2019-08-14 23:04:01

That's good! But, government needs to put things in order before that. The so called Bank of Agriculture hardly give farmers loan not to talk of machinery. Government should put things in place before embarking on such mission

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Buhari Orders CBN On Forex And Food Importation. Is He On The Right Path? - By Kester Asuelimen - 2019-08-14 23:05:04

I think the president's decision is right but I also hope that the diverted funds are not embezzled.

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Buhari Orders CBN On Forex And Food Importation. Is He On The Right Path? - By Bolarinwa Akintoke - 2019-08-14 23:23:22

I think it's a brilliant idea. This will really help the economy of the country 

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Buhari Orders CBN On Forex And Food Importation. Is He On The Right Path? - By Olubunmi Fagbemi - 2019-08-14 23:28:45

I believe it will, making waves and good earning opportunity is what people need

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Buhari Orders CBN On Forex And Food Importation. Is He On The Right Path? - By Adewuyi Femi - 2019-08-14 23:39:07

I think he's right, he wants to promote farming in the country

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Buhari Orders CBN On Forex And Food Importation. Is He On The Right Path? - By Kelly Emmanuel - 2019-08-14 23:45:26

I believe placing restrictions on the importation of agricultural products by the president is a good step to self dependency and national development. Besides, Nigeria is big enough to produce agricultural products that will meet the needs of Nigerians. This will not only yield self dependency but also foreign reserves from exportation of the excesses produced

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Buhari Orders CBN On Forex And Food Importation. Is He On The Right Path? - By Kelly Emmanuel - 2019-08-14 23:48:23

I believe placing restrictions on the importation of agricultural products by the president is a good step to self dependency and national development. Besides, Nigeria is big enough to produce agricultural products that will meet the needs of Nigerians. This will not only yield self dependency but also foreign reserves from exportation of the excesses produced

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Buhari Orders CBN On Forex And Food Importation. Is He On The Right Path? - By Remigus Nwaokonko - 2019-08-15 00:42:24

He is correct partially. Honestly we haven't gotten to that point yet, moreover there is still a lot to be done before we talk about conserving forex

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Buhari Orders CBN On Forex And Food Importation. Is He On The Right Path? - By Shalom Gyam - 2019-08-15 01:12:15

The President directive to the CBN to stop issuance of Forex to food importers is the right step forward.It will further boost food production at home.

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Buhari Orders CBN On Forex And Food Importation. Is He On The Right Path? - By Adeniran Muiz - 2019-08-15 03:00:25

We can't patronize other country goods when ours is affordable 

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Buhari Orders CBN On Forex And Food Importation. Is He On The Right Path? - By Daniel Adeyemi - 2019-08-15 05:36:34

Well, I believe he is well aware of the consequences.. If this farmer don't get to have enough, or remain consistent, hmm he will beg the importers and this time will pay more.. 

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Buhari Orders CBN On Forex And Food Importation. Is He On The Right Path? - By Anthony Bassey - 2019-08-15 05:57:20

The president is right about this. this will boost the economy

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Buhari Orders CBN On Forex And Food Importation. Is He On The Right Path? - By Christopher Anekhe - 2019-08-15 06:51:50

There should be a soft landing to these changes. You don't just wake up one day and ban FX because you were told that the rice you are picking in your teeth was produced in kano.

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Buhari Orders CBN On Forex And Food Importation. Is He On The Right Path? - By Ahmad Musa - 2019-08-15 06:55:56

We are grown enough to feed ourselves, it's high time we started

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Buhari Orders CBN On Forex And Food Importation. Is He On The Right Path? - By Golden Okechukwu - 2019-08-15 06:57:25

I don't see anything wrong in we consuming our own products

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Buhari Orders CBN On Forex And Food Importation. Is He On The Right Path? - By Iorpine Loya - 2019-08-15 07:45:39

Am not sure this man knows what he is taking about. Ask him about this tomorrow and he will say a different thing. How would our economy be diversified by  utilizing and conserving our foreign reserves?

Diversification which is applied as a strategy to encourage positive economic growth and development by shifting away from a single income source toward multiple sources from a growing range of sectors cant only be a remedy to our economic boost.

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Buhari Orders CBN On Forex And Food Importation. Is He On The Right Path? - By ONNIONG UDOFIA - 2019-08-15 08:05:21

Let's hope he is right on this because anything forex could fall anytime

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Buhari Orders CBN On Forex And Food Importation. Is He On The Right Path? - By Godstime Bethuel - 2019-08-15 08:53:50

Does our president have advisers at all?

One man cannot be a master of all, so people competent in those areas should manage them. If the president took these decisions on his own, then I condemn it.

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Buhari Orders CBN On Forex And Food Importation. Is He On The Right Path? - By Nnamani Elias - 2019-08-15 08:56:39

No he is not on the right part because  there is lots of  things Nigerians are making use of, but they can produce it

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Buhari Orders CBN On Forex And Food Importation. Is He On The Right Path? - By IBRAHIM HAFIZ - 2019-08-15 09:15:16

how can we be producing things and no use them. if this is how other countries do to their own products do u think we will buy them. let's patronize our own products to boost out economy. 

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Buhari Orders CBN On Forex And Food Importation. Is He On The Right Path? - By Dorothy Azodo Amaka - 2019-08-15 09:41:52

Is it not better that we eat what we produce, in other hand farmers should be equipped to give the country the much desired products

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Buhari Orders CBN On Forex And Food Importation. Is He On The Right Path? - By Lubem Terzungwe - 2019-08-15 10:21:35

When PMB assumed office in 2015, borders were shut and foodstuff prices became considerably very high leading to more home grown crops (most espaciallly rice) and farmers where happy. Its a welcome development. Nigeria need to reduce the rate of importation and that should start with the food sector.

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Buhari Orders CBN On Forex And Food Importation. Is He On The Right Path? - By Dorcas Morounmubo - 2019-08-15 10:41:02

It's good we consume our own product amd it will also bring about high development and more income in the agricultural sector

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Buhari Orders CBN On Forex And Food Importation. Is He On The Right Path? - By Ahmed Gbemisola - 2019-08-15 10:45:35

Yes, because it would boost the economy and also create job opportunities for the youths

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Buhari Orders CBN On Forex And Food Importation. Is He On The Right Path? - By Emmanuel Oyinloye - 2019-08-15 11:02:43

Buhari does not know what we Nigerians are facing. He is just in Aso rock making policies

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Buhari Orders CBN On Forex And Food Importation. Is He On The Right Path? - By Majesty Emeka - 2019-08-15 11:05:58

Yes. I also like his idea cause it will give room for job opportunities for youth and reduce crime rate

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Buhari Orders CBN On Forex And Food Importation. Is He On The Right Path? - By Justice Mike - 2019-08-15 12:09:54

It's good, but we all are aware that the quality of some of our products aren't standard. 

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Buhari Orders CBN On Forex And Food Importation. Is He On The Right Path? - By Rita Amadedon - 2019-08-15 12:28:15

Slowstunter

Yes, we should consume our own products.

Is the President doing same? Is he making use of our hospitals and doctors? Do they even follow suit what they proffer? The problem with such policies from time past is not even wether it's good or not, are they implemented? 

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Buhari Orders CBN On Forex And Food Importation. Is He On The Right Path? - By Ephraim Iannah - 2019-08-15 13:27:22

Yes that is nice, we should learn to value our products

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Buhari Orders CBN On Forex And Food Importation. Is He On The Right Path? - By Okoh Joshua - 2019-08-15 14:12:01

I don't think what he did is good, in Nigeria we are facing a lot of challenges and hard times in this country, here no support to Farmers by the government yet they are just banning the importation of food, how do we expect the peasant farmers to Carter food for the whole nation , I don't support that idea

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