Why Nigeria’s Buhari is restricting food imports

There have been several interpretations to the order from Nigeria’s President, Muhammadu Buhari to the country’s central bank to halt the funding of food imports. Some analysts have said the order has implications for the independence of the central bank of Nigeria. But the Nigerian government said the move it meant to boost consumption of locally produced food. Nigeria is Africa’s biggest economy and is the continent’s top oil producer. But it relies on crude sales for around 90% of it foreign exchange. The country however wants to reduce the…

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