Central Bank of Nigeria has said FG spent about $1.68bn on food importation from January to September 2021
The CBN disclosed this in a report on sectoral utilization of foreign exchange for the third quarter of 2021.
According to the CBN, the government spent $163.60m, $197.73m, and $171.05m in January, February and March, respectively, while $156.30m, $135.72m and $213.58m were spent in April May and June, respectively.
The report revealed that $184.69m, 188.88m and 271.59m were spent in July, August and September, respectively.
The CBN governor said the bank remained committed to supporting eligible firms with foreign exchange to import machinery and equipment.