Tomato Paste Manufacturers Urge CBN to Ease Up on Forex Policy

The Union of Tomato Paste Manufacturers in Nigeria has called on the federal government ease up on the Central Bank of Nigeria’s foreign exchange policy in order to avail them more time for backward integration.

The group, which spoke in Lagos through the Managing Director, Sonia Foods Industries Ltd, Nnamdi Nnodebe, said it is committed to the growth of the economy and wants to boost the country’s GDP through the production and exportation of tomato paste.

“However, we will be pleased if the government can avail us more to time to allow for backward integration just like it applies to some other sectors of the country,” he stated.

“We have begun the process of backward integration in some parts of the country but support for the process is critical to its success,” Nnodebe added.