Nigeria lost $1.4 billion over restriction of forex to 43 items- CBN

The Central Bank of Nigeria has stated that Nigeria lost around $1.4 billion over the restriction of forex to 43 items by the Central Bank under the leadership of Godwin Emefiele.  

The Deputy Governor of the CBN in charge of Economic Policy, Muhammad Sani Abdullahi stated this during an appearance before the senate committees on banking and finance today.  

According to the CBN official, the denial of access to forex for the 43 items contributed to the skyrocketing inflation currently witnessed in the country.