Importers to FG: Remove raw materials from forex ban

Importers have urged the Federal Government to review the Central Bank of Nigeria (CBN)’s policy on 41 items barred from the official foreign exchange window. Director General, Manufacturers Association of Nigeria (MAN), Mr. Segun Ajayi- Kadir, made this call in Lagos after the association’s meeting with officials of Nigerian Shippers Council (NSC). He said that the operating environment was not  competitive for business because of government’s import policy. Specifically, he said there were 680 tariff lines in the 41 items. He explained that 95 of them were raw materials not…

Read More