Nigeria working to replace list of import items not eligible for forex allocation -VP

Nigeria's Vice President Yemi Osinbajo speaks at the Regional Protection Dialogue meeting on Lake Chad basin in Abuja, Nigeria June 8, 2016. REUTERS/Afolabi Sotunde·Reuters· (Reuters)

Reuters

Tue, May 2, 2017, 9:56 AM

ABUJA (Reuters) - Nigeria is working to replace a controversial list of 41 import items for which local firms cannot get hard currency from the central bank, Vice President Yemi Osinbajo said on Tuesday. Nigeria planned instead "more trade policy-driven restrictions taking into account those items that are required and locally unavailable raw materials," Osinbajo said, according to a statement by the presidency. (Reporting by Felix Onuah; Writing Ulf Laessing; Editing by)

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Nigeria working to replace list of import items not eligible for forex allocation -VP

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