Regulatory Alerts2007-07-31 | TED-FEM-FPC-GEN-90-07Removal of the Restriction Placed on Importation of Textiles and Articles Thereof Through Designated Ports to Include all Entry Points
The Central Bank of Nigeria has lifted the restriction on importing textiles and articles thereof previously limited to only five designated ports. As per this recent update, all entry points are now approved for these imports, except those still under prohibition. Authorised dealers should inform their customers about this change in order to maintain compliance.
Central Bank of Nigeria Central Business District P.M.B. 0187 Garki, Abuja 09-61637804 09-61637802 e-mail.address:ted@cenbank.org July 25, 2007 TED/FEM/GEN/FPC/01/089 TO: ALL AUTHORISED DEALERS, SERVICE PROVIDERS FOR DESTINATION INSPECTION AND GENERAL PUBLIC
REMOVAL OF THE RESTRICTION PLACED ON IMPORTATION OF TEXTILES AND ARTICLES THEREOF THROUGH DESIGNATED PORTS TO INCLUDE ALL ENTRY POINTS Further to the circular reference TED/FEM/GEN/FPC/01/009 dated November 30, 2006 wherein importation of Textiles and Articles thereof was restricted to only five (5) designated Ports, Authorised Dealers, Service Providers for Destination Inspection and the General Public are hereby informed as follows:
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Government has removed the restriction forthwith and approved the importation of Textile Products and Articles thereof through all Ports of Entry.
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For the avoidance of doubt, importation of all textiles and Articles thereof, except those that are still under prohibition is allowed through all approved routes for general trade.
Authorised Dealers are advised to bring the provisions of this circular to the attention of their customers for compliance. O. O. AKANJI (MRS) DIRECTOR TRADE & EXCHANGE DEPARTMENT