Skip to content
October 27, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • National News
  • Food import: FX ban directive ill-timed, completely against well-being of Nigerians – PDP
  • National News

Food import: FX ban directive ill-timed, completely against well-being of Nigerians – PDP

Admin August 15, 2019

The Peoples Democratic Party (PDP) has advised President Muhammadu Buhari to reconsider his directive stopping the Central Bank of Nigeria (CBN) from allocating foreign exchange for food importation.

PDP in a statement issued by its National Publicity Secretary, Mr Kola Ologbondiyan, on Thursday in Abuja, said the directive was ill-timed and completely against the well-being of Nigerians.

Recall that Buhari had on Tuesday in Daura, Katsina State, directed the CBN to stop providing foreign exchange for importation of food into the country with the steady improvement in agricultural production and attainment of full food security.

He said the foreign reserve would be conserved and utilised strictly for diversification of the economy, and not for encouraging more dependence on foreign food import bills.

The president noted that the country had achieved food security, and for physical security “we are not doing badly’’.

Ologbondiyan said that the directive would cause food scarcity in the country and worsen the already harsh living conditions of Nigerians.

“The PDP states strongly that Nigerians do not, in any way, deserve such suffering being foisted on them by such directive on food”.

“Such situation will only breed further despondency among our citizens, heighten our security challenges and put more pressure on compatriots, many of who, in the face of current suffering, are resorting to suicide and slavery mission as options.’’

Ologbondiyan urged Buhari to recover the trillions of naira alleged to have been embezzled and channel the resources towards food security for Nigerians. (NAN)

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: CBN Kola Ologbondiyan Muhammadu Buhari PDP

Post navigation

Previous South Africa shuns Nigeria, waives visa for three nations
Next FG changes twitter handle

Related Stories

Africa’s minerals value-add drive interests investors but faces energy hurdle
  • National News

Africa’s minerals value-add drive interests investors but faces energy hurdle

October 27, 2026
2027 Polls: INEC Uploads Preliminary Register of Voters Online Following Public Demands Primaries
  • National News

2027 Polls: INEC Uploads Preliminary Register of Voters Online Following Public Demands

October 26, 2026
Police arrest siblings over alleged murder of step-brother in Cross River Ekiti abductors
  • National News

Police arrest siblings over alleged murder of step-brother in Cross River

October 26, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

Africa’s minerals value-add drive interests investors but faces energy hurdle
  • National News

Africa’s minerals value-add drive interests investors but faces energy hurdle

October 27, 2026
NDC Inaugurates Presidential Campaign Council as Obi Vows Action Against Insecurity, Corruption
  • Politics

NDC Inaugurates Presidential Campaign Council as Obi Vows Action Against Insecurity, Corruption

October 27, 2026
Behold all the winners at 2026 Ballon d’Or (Full List)
  • Sports

Behold all the winners at 2026 Ballon d’Or (Full List)

October 27, 2026
Obasanjo, Jonathan, Akpabio condole Pastor Chris Oyakhilome on passing of mother
  • Society

Obasanjo, Jonathan, Akpabio condole Pastor Chris Oyakhilome on passing of mother

October 27, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.