Nigeria: CBN Moves to Place Sugar, Wheat On Forex Restriction List

16 April 2021

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.

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