Food Imports

CBN Reduces Food Import Funding To $547.7 Million Amid Rising Inflation

Oct 20, 2024. by Praise Ben

The Central Bank of Nigeria (CBN) released $547.7 million (N823.19 billion at the official exchange rate of N1,503.3/$1) to Nigerians for food importation in the second quarter of 2024. This amount marks a 20.6% decrease from the $689.88 million recorded in the first quarter, with a corresponding reduction of N80.76 billion when converted to naira. … Read more

FG Declares No More Food Imports, Aims For Nigeria To Feed Itself And Thrive

Feb 15, 2024. by Ekohot Editor

Eko Hot Blog reports that the Federal Government has emphasized its commitment to achieving self-sufficiency in food production, asserting that Nigeria can feed itself and potentially become a net exporter of food items. EDITOR’S PICKS Full List Of AFCON Awards As Ekong Wins Player Of The Tournament REVEALED! How Model Of Aircraft Carrying Wigwe, Wife, … Read more