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CBN Includes Sugar, Wheat On FX Restriction List

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Ganiyat Ganiyu

The Central Bank of Nigeria has announced plans to place sugar and wheat on its FX restriction list.

The plan was disclosed by the apex bank via its verified Twitter handle in a statement credited to the CBN governor, Godwin Emefiele.

The tweet stated: “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.”

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The announcement was made barely a day after CBN governor, Godwin Emefiele, hinted that the restriction was being considered especially due to local investments in sugar.

 

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