CBN governor, Godwin Emefiele
Pat Stevens/
The Central Bank of Nigeria (CBN) is set to include sugar and wheat in the forex restriction list.
The plan was disclosed by the apex bank on its verified Twitter handle, yesterday, via a statement credited to the CBN governor, Godwin Emefiele.
The tweet read, “Sugar and Wheat to go into our FX restriction list. We must work together to produce these items in Nigeria rather than import them. #Emefiele.”
It would be recalled that over the years, the CBN has been reviewing its list of restricted food items to include more items, with the most recent being the addition of maize.
In 2015, the CBN listed 41 items that had been placed on its FX restriction list, noting that the move was necessary to conserve the nation’s foreign reserve and boost local production of the affected items.
Some of the items which made the 2015 list are margarine, poultry and eggs, rice, and cement.
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