2018-12-10 | FPR/DIR/GEN/CIR/07/019

Foreign Exchange Restriction on the Importation of 42 Items

The Central Bank of Nigeria restricted foreign exchange for the importation of 41 items in 2015 to encourage local production and employment. This policy has led to significant investments and the establishment of small-scale industries. However, recent trade information indicates circumvention of the policy, leading to concerns about potential losses in growth and employment benefits.

Nigeria

Central Bank of Nigeria

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