Nigeria working to replace list of import items not eligible for forex allocation – Osinbajo

Yemi Osinbajo

Vice President, Prof Yemi Osinbajo

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.