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Nigeria's president moves to stop funding for food imports

Lagos, Nigeria (CNN)Nigerian President Muhammadu Buhari has instructed the country's central bank to stop providing foreign currency for food imports, according to a statement from his spokesman. Presidential spokesman Garba Shehu said Tuesday the move is aimed at improving Nigeria's agricultural production and attaining more food security. "The president ... said the foreign reserve will be conserved and utilized strictly for diversification of the economy, and not for encouraging more dependence on foreign food imports bills," reads the statement.Shehu also quoted Buhari as saying, "Don't give a cent to anybody to import food into the country."A focus on local food productionNigeria is currently Africa's largest producer of oil and relies ...
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