Nigeria: 3 implications of an FX ban on food imports
Nigerian President Muhammadu Buhari’s somewhat “unconstitutional” directive to the Central Bank to stop providing foreign exchange to food importers holds weighty implications for the…
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food imports
Food imports: Buhari orders CBN to halt forex access
President Muhammadu Buhari on Tuesday ordered the Central Bank of Nigeria (CBN) to stop providing foreign exchange for importation of food into the country.
A statement by Garba Shehu,…
Autarky: Nigeria’s Latest Populist Purple Dragon
The term “chasing the purple dragon” is a euphemism used widely within law enforcement circles, particularly those concerned with the use of heroin. As deadly as it is addictive, heroin…
Global food import bill to decline amid abundant supplies – FAO
Global food import bill is likely to decline in 2019, but the poorest and most vulnerable countries will not be the prime beneficiaries, according to a new UN report. Food and Agriculture…
Nigeria contributes 0.05% of UK’s £30bn food imports
As a result of the Federal Government diversification drive, Nigeria is now contributing an insignificant 0.05 percent of the £30 billion United Kingdom (UK) annual food import bill.…