Nigeria: What CBN Should Do With Buhari's Forex Directive

16 September 2019

AS the Central Bank of Nigeria, CBN, gets set to execute President Muhammadu Buhari's directive on restriction of foreign exchange for importation of agro-food items, we draw attention to issues that should be of utmost importance in the collective interest of Nigerians.

Though there have been arguments for and against the pronouncement to the effect that foreign exchange should be denied importers of food items, with CBN's recent decision to go ahead to execute the order, the policy seems to have come to stay. The focus should now shift to the positive side of the coin in ensuring wholesome implementation.

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