Home Business Importers of hand sanitizers to suffer Forex restrictions
BusinessNews

Importers of hand sanitizers to suffer Forex restrictions

Share
CBN logo
Share

The Governor, Central Bank of Nigeria (CBN) Mr. Godwin Emefiele, has said the Bank may consider including the importation of hand sanitizers among items not valid for Foreign Exchange (FX) from its official forex window.

The CBN governor said this while speaking at the ‘Going for Growth 2.0,’ roundtable that took place in Abuja.

Emefiele, said this while responding to complaints by the Chief Executive3 of Emzor Pharmaceuticals Industrials Limited, Mrs. Stella Okoli, that most of the hand sanitisers seen in the country since the outbreak of the coronavirus were imported.

The price of hand sanitisers in the country have spiked since the first case of coronavirus was announced.

Emefiele said, “It is naira that we pay to buy sanitisers, rather than using dollars to import sanitisers from China. And I’m sure, as you all expect, that very soon, sanitiser will get into the list of items that are banned.”

Earlier in his address, Emefiele had said addressing domestic and external challenges to growth required input from critical stakeholders who could generate great and workable ideas and solutions.

“We must all work together in order to harness the true potential of our nation. This one-day roundtable session will address some of the measures needed to drive double digital growth rate in Nigeria.

“These include, improving productivity in the agriculture and manufacturing sectors. Second, how to develop funding models that would support improvements in the quality of our energy and transport infrastructure.

“Third, how Nigerians operating in the creative industries space, such as ICT, can expand and capture the value of their works, while creating jobs and generating export revenues for our nation,” he added.

The findings generated from the roundtable session were presented to President Muhammadu Buhari, at the end of the summit.

Please follow and like us:
Share

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Start your career with NNPC Limited

Start your career with NNPC Limited
Start your career with NNPC Limited

Member

Don't Miss

NCC

Please follow and like us:

How retreat for overseeing officers will aid NASENI’s developmental goals

By Chioma Obinagwam The National Agency for Science and Engineering Infrastructure, NASENI, the Agency is holding a two-day strategic retreat for Overseeing Officers...

Related Articles

How retreat for overseeing officers will aid NASENI’s developmental goals

By Chioma Obinagwam The National Agency for Science and Engineering Infrastructure, NASENI,...

Again Ikeja Electric customers experience frustration in recharging energy tokens

By Chioma Obinagwam Customers of Ikeja Electric Distribution Company (DisCo) have been...

In four photos, NCC reacts to Executive Order on Critical National Information Infrastructure

By Chioma Obinagwam The infrastructure of the Nigerian Communications Commission (NCC) has...

10 men that changed the face of banking in Nigeria

The Nigerian banking sector has undergone significant transformations over the decades, thanks...

Advertisements