Stakeholders back FG’s forex suspension on food importation

As the 5th All Nigeria Civil Society Economic conference closed in Abuja Wednesday, stakeholders hailed the Central Bank of Nigeria (CBN) economic diversification programme, saying its recent suspension of forex on food importation was forthright.

The Coalition of Civil Society in a communique signed by the President, Bassey Etuk Williams, Chairman, Dr. Ibrahim Ahmed and Secretary, Bar. Yemi Akanji communique drafting committee respectively after the conference said the sustenance of the improved reform economic policies, rising investment opportunities and Agricultural development as well as sme’s schemes is a welcome development.

It added that citizens are benefiting from it and livelihood is being provided for citizens instead of full dependence on white collar jobs, but urged however that the windows of opportunities created should be made more easily accessible and open for all to easily benefit as this they said will reduce employment rates in the country.

Conference according to the communique looked at recent initiatives of CBN which are not only restricted to financial and monetary policy but also targeted on enhancing economic growth via diversification of economy for growth formed major area of the discussion.

“This was done with expected roles of Civil Society Groups in advocating the policies as a means of allowing Nigerians to know about the initiatives and buy into it for expected deliverables of the initiators.

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