A whopping U.S.$4 billion is spent annually on importing textiles into the country. With the growing campaign to buy locally manufactured goods, the Central Bank of Nigeria has placed restrictions on textile importers by ensuring that they are no longer able to access foreign exchange through the forex market.
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AllAfrica is a voice of, by and about Africa - aggregating, producing and distributing 700 news and information items daily from over 140 African news organizations and our own reporters to an African and global public. We operate from Cape Town, Dakar, Abuja, Monrovia, Nairobi and Washington DC.