Nigeria Says Its Targeted Forex Ban Is Needed for Food Security
- Nigeria’s decision to restrict access to foreign exchange for some food imports is aimed at giving the nation long-term control over its food supply as it prepares for potential interruptions due to climate events, water insecurity and global trade tensions, said Garba Shehu, spokesman for President Muhammadu Buhari. Africa’s most populous nation needs to build up its domestic agricultural and food-manufacturing capacity because not doing so now would be “a recipe for instability and -- at worse --- widespread hunger,” Shehu said in an ...
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