Home Importers of hand sanitizers to suffer Forex restrictions

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.

Share

Leave a comment

Leave a Reply

Your email address will not be published.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

Related Articles
Health  

NCC marks cancer awareness month with message of hope

…As 𝗡𝗖𝗖 𝘀𝘁𝗮𝗳𝗳 𝘄𝗲𝗮𝗿 𝗽𝗶𝗻𝗸 𝗮𝗻𝗱 𝗲𝗺𝗲𝗿𝗮𝗹𝗱 𝗴𝗿𝗲𝗲𝗻 𝗳𝗼𝗿 𝗰𝗮𝗻𝗰𝗲𝗿 𝗮𝘄𝗮𝗿𝗲𝗻𝗲𝘀𝘀‎‎· ‎The...

Business & Economy

‎𝗖𝗕𝗡 𝗵𝗼𝗹𝗱𝘀 𝗕𝗲𝗶𝗷𝗶𝗻𝗴 𝗿𝗼𝘂𝗻𝗱𝘁𝗮𝗯𝗹𝗲 𝘁𝗼 𝘀𝘁𝗿𝗲𝗻𝗴𝘁𝗵𝗲𝗻 𝗡𝗶𝗴𝗲𝗿𝗶𝗮-𝗖𝗵𝗶𝗻𝗮 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗰𝗼𝗿𝗿𝗶𝗱𝗼𝗿‎

‎𝗖𝗮𝗿𝗱𝗼𝘀𝗼 𝘀𝗲𝗲𝗸𝘀 𝗳𝗶𝗿𝘀𝘁𝗵𝗮𝗻𝗱 𝗶𝗻𝗽𝘂𝘁 𝗼𝗻 𝗰𝗿𝗼𝘀𝘀-𝗯𝗼𝗿𝗱𝗲𝗿 𝗽𝗮𝘆𝗺𝗲𝗻𝘁𝘀 𝗮𝗻𝗱 𝗯𝗮𝗻𝗸𝗶𝗻𝗴 𝗹𝗶𝗻𝗸𝘀‎‎• ‎The Central...

Business & Economy

‎Dangote acquires 25 per cent stake in Kenya pipeline network‎

• ‎Aliko Dangote reveals a 25 per cent stake in a Kenya...

Business & Economy

‎FMDQ records ₦551.23 trillion turnover in nine months

· ‎FMDQ Exchange turnover reached ₦551.23 trillion between January and September 2026,...