The Wheat Farmers Association of Nigeria (WFAN) says about $6.1 billion is spent yearly to import wheat into Nigeria. xThe President of the association, Alhaji Salim Muhammad, made this known at a news conference on Wheat Forex in Abuja on Thursday. Muhammad commended the Central Bank of Nigeria (CBN) over the policy that placed wheat on Forex restriction. x“The forex restriction policy will give relevant stakeholders the confidence to invest in the wheat sub-sector as the returns on their investments are protected. “Production and productivity will automatically increase to meet local demand,’’ the association president said.

Source: The Guardian April 22, 2021 13:40 UTC