Importers fault FG’s policy on tariff lines

Importers of processed vegetable and poultry products, tooth pick, eggs and other items restricted by the Central Bank of Nigeria (CBN) from its foreign exchange window have actually been indirectly creating jobs for foreign countries in the past. The restriction was introduced in 2015 to support the naira after it was hammered by a fall in oil prices. The policy has, however, led to the closure of plants in various sectors, as some manufacturers are unable to import raw materials or spare parts needed to stay in production. It was…

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