Federal Government Replies Financial Times That There's No Ban On Food Importation

Published 1 month ago by: Adegbenga Ayinla
at 02:59 PM, 19/08/2019 (1 month ago)

(1512 | Gistmaniac) Online (m)


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:
Quote
“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.

Problem with this article? Please contact us


LATEST COMMENTS

  1. Brave5500 on: EFCC Creates Unit, NFIU To Target Rich Nigerians With Unexplainable Source Of Income
    Where r all these money that has been recovered??  >:( :( ::) ::)... 2 mins ago
  2. Henrybobo on: Lady Beats White Man Who Took Her On A Date But Abandoned Her To Pay The Bills (Video)
    [quote author=onyioben link=topic=401853.msg5573246#msg5573246 date=1569198542]Useless fool,,who kno... 11 mins ago
  3. smart61 on: Tonto Dikeh Writes To The Witches Who Tried To ”Press Her Chest” While She Slept Last Night
    YOUR CHEST? THANK GOD THAT THEY HAVE NOT STARTED PRESSING YOUR BRAIN, THEN, YOU WILL REALISE IT IS N... 11 mins ago
  4. kenshin2 on: EFCC Creates Unit, NFIU To Target Rich Nigerians With Unexplainable Source Of Income
    This guy is playing with the cobra's tail... 46 mins ago
  5. nkem_don on: Be The Judge Of This Case: She Went to Jail For Not Killing Her Hubby & Then The Worst Happened
    If she was convicted for 10 years  then  now she should get lesser conviction because she ... 52 mins ago