The Central Bank of Nigeria, CBN, has raised dollar supply to manufacturers in the country, as part of efforts to tackle the scarcity of foreign exchange in the country
The President, Manufacturers Association of Nigeria, MAN, Frank Jacobs, disclosed this in a telephone chat with ThisDay on Thursday, April 7.
MAN president said in the last few days, his members across the country have reported increased forex allocation from the central bank and urged the CBN to continue along this path, adding that it would go a long way in resurrecting Nigeria’s ailing economy.
He said: “There has been increased allocation of forex to manufacturers in the last few weeks. I had a meeting with them (CBN) about a week ago and since then, our members have reported that there has been an improvement in allocation of forex to them.
“We are very happy with that because they (CBN) gave us the assurance and they kept to that.”
RT @BizWatchNigeria: CBN Increases Forex Supply to Manufacturers – https://t.co/BA1SLI9l8p https://t.co/O14SewvnvY