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December 30, 2021 Federal Government Promises to Improve Access to Foreign Exchange for Importation of Raw Materials

Federal Government Promises to Improve Access to Foreign Exchange for Importation of Raw Materials

The federal government says it will improve access to foreign exchange for the importation of raw materials and machines unavailable locally.

President MUHAMMADU BUHARI said this in Abuja while responding to requests from the manufacturing sector on how to increase its contribution to the Nigerian economy.

The government had banned forex on the importation of selected items into Nigeria.

BUHARI told the leadership of Manufacturers Association of Nigeria that the relevant ministry would revisit their concerns about the increase in excise duties on the identified products and other tariff-related matters.

In her remarks, MARIAM KATAGUM, minister of state, industry, trade and investment, said MAN is in business to create a climate of opinion in this country so that manufacturers can operate efficiently and profitably for the benefit of all.

 

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