Buhari Identifies 13 States to Produce Rice for Consumption

President Muhammadu Buhari on Monday, June 27, said 13 states have been identified to produce rice sufficient enough to feed the nation in the next 18 months.

The President, who spoke during the breaking of fast dinner with the business community, stressed that unless the economy is set right, Nigeria will continue to be in trouble.

Speaking on the nation’s currency, he insisted that he does not see any benefit in the devaluation of naira despite the ongoing implementation of the flexible policy which has systematically devalued the nation’s currency.

Buhari said: “How much benefit have we derived from naira devaluation in the past? I don’t like the returns I get from the CBN because that coupled with the demand that let us devalue the naira. In August 1985, the naira was N1.3 to a dollar. But now you need N300 or N350 to a dollar.

The Central Bank of Nigeria, CBN, had last week flagged off a new foreign exchange regime that saw to the collapse of exchange markets in the country.