Contrary to complaints from many Nigerians, the Presidency has said that the prices of food items across the nation are dropping.
Speaking on behalf of the presidency, Mr Garba Shehu says the significant drop in prices of food items stems from President Muhammadu Buhari’s reforms in the agricultural sector.
Mr Shehu who on Friday was a guest on Channels Television’s Sunrise Daily said though prices may differ depending on the state and area, however, on the general, there is a drop in prices of food items.
While reacting to the President’s directive Thursday that the Central Bank of Nigeria should with immediate effect stop the release of money for food and fertiliser importation, the presidential spokesman said his principal’s intentions are in the best interest of the country.
He said, “Nigerians must give consideration for the fact that the President’s directive to the CBN is driven by nothing other than a patriotic motive”.
According to Mr Shehu, this directive falls in line with the President’s quest to boost agriculture in the country, a position to which some persons disagree, arguing that the CBN’s policies should not be imposed by a political authority.
Addressing those who hold the view that Buhari’s directive is overreaching, Mr Shehu said, “I am not sure there is anywhere in the world that the Central Bank is So independent that it will operate as foreign ownership”