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	<title>Reuters &#8211; Agrigate Global</title>
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	<description>Making Agriculture Heard</description>
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	<title>Reuters &#8211; Agrigate Global</title>
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		<title>Nigerian President directs central bank to stop giving forex for food, fertilizer imports</title>
		<link>https://agrigateglobal.com/reads/news/policy/nigerian-president-directs-central-bank-to-stop-giving-forex-for-food-fertilizer-imports/</link>
		
		<dc:creator><![CDATA[Online Desk]]></dc:creator>
		<pubDate>Fri, 11 Sep 2020 09:13:09 +0000</pubDate>
				<category><![CDATA[Africa]]></category>
		<category><![CDATA[Policy]]></category>
		<category><![CDATA[Nigeria]]></category>
		<category><![CDATA[Nigerian President Muhammadu Buhari]]></category>
		<category><![CDATA[Reuters]]></category>
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					<description><![CDATA[<div style="margin-bottom:20px;"><img width="1200" height="675" src="https://agrigateglobal.com/wp-content/uploads/2020/09/ag_1200x675-37.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" fetchpriority="high" srcset="https://agrigateglobal.com/wp-content/uploads/2020/09/ag_1200x675-37.jpg 1200w, https://agrigateglobal.com/wp-content/uploads/2020/09/ag_1200x675-37-300x169.jpg 300w, https://agrigateglobal.com/wp-content/uploads/2020/09/ag_1200x675-37-1024x576.jpg 1024w, https://agrigateglobal.com/wp-content/uploads/2020/09/ag_1200x675-37-768x432.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></div>Nigerian President Muhammadu Buhari has directed the country&#8217;s central bank to stop issuing foreign exchange for food and fertilizer imports as expanding Nigeria&#8217;s agriculture sector is a key pillar of his economic policy. Last year, the president issued a similar order that the nominally-independent bank only partly followed. But the recent directive will completely prohibit [&#8230;]]]></description>
										<content:encoded><![CDATA[<div style="margin-bottom:20px;"><img width="1200" height="675" src="https://agrigateglobal.com/wp-content/uploads/2020/09/ag_1200x675-37.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" srcset="https://agrigateglobal.com/wp-content/uploads/2020/09/ag_1200x675-37.jpg 1200w, https://agrigateglobal.com/wp-content/uploads/2020/09/ag_1200x675-37-300x169.jpg 300w, https://agrigateglobal.com/wp-content/uploads/2020/09/ag_1200x675-37-1024x576.jpg 1024w, https://agrigateglobal.com/wp-content/uploads/2020/09/ag_1200x675-37-768x432.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></div><p>Nigerian President Muhammadu Buhari has directed the country&#8217;s central bank to stop issuing foreign exchange for food and fertilizer imports as expanding Nigeria&#8217;s agriculture sector is a key pillar of his economic policy.</p>
<p>Last year, the president issued a similar order that the nominally-independent bank only partly followed.</p>
<p>But the recent directive will completely prohibit foreign currency for all imported food and fertilizer, the spokesman told Reuters.</p>
<p>Since his election in 2015, the 77-year-old leader has sought to cut foreign imports, particularly agricultural products.</p>
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