Abuja — Governor of Central Bank of Nigeria (CBN) Godwin Emefiele has said the bank will soon commence the restriction of forex allocation for importation of sugar and wheat into the country.
Emefiele who said Nigeria spends between $600million to $1billion on importation of sugar, said the apex bank will gradually begin to restrict foreign exchange to those who want to import sugar until Nigeria achieve self-sufgiciency in sugar and wheat production.
...
AllAfrica Subscription Content
You must be an allAfrica.com subscriber for full access to certain content.
You have selected an article from the AllAfrica archive, which requires a subscription. You can subscribe by visiting our subscription page. Or for more information about becoming a subscriber, you can read our subscription and contribution overview.
For information about our premium subscription services:
You can also freely access - without a subscription - hundreds of today's top Africa stories and thousands of recent news articles from our home page »
Already a subscriber? Sign in for full access to article