Buhari orders CBN to blacklist companies importing palm oil, 42 other items

The Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele has disclosed a directive by President Muhammadu Buhari ordering the blacklisting of companies importing restricted items into the country.

Emefiele gave the information on Friday during a meeting with oil palm producers in Abuja.

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According to Emefiele, the directive also mandated the apex bank to expand and provide support to firms and individuals that want to expand the production of ten different commodities in Nigeria.

The ten different products are rice, maize, cassava, tomatoes, cotton, oil palm, poultry, fish, livestock dairy and cocoa.

By Babatunde Alao…

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