- The CBN has finally lifted the foreign exchange restrictions that were imposed on 43 items 8 years ago
- The ban stopped manufacturers and importers of the items from accessing forex from the official market
- Experts in a chat with Legit.ng provided insight into how CBN decisions will affect the forex markets
Experts have reacted to lifting the ban placed on 43 items that were prohibited from access to foreign exchange (FX) by the Central Bank of Nigeria (CBN) since July 2015.
At the time of the decision to ban items, including rice, cement, and poultry, Godwin Emefiele said it would help conserve foreign reserves, facilitate the resuscitation of domestic industries, and improve employment generation.
