LCCI urges CBN to remove FX restrictions on 43 items

The Lagos Chamber of Commerce and Industry (LCCI) has urged the Central Bank of Nigeria (CBN) to remove the foreign exchange restrictions for importing 43 products in their list.

This was revealed at the chamber’s quarterly State of the Economy event in Lagos on Tuesday.

Speaking at the event, Michael Olawale-Cole, president of LCCI, said the CBN should also communicate the new framework for exchange rate management and enhance the consistency of the current framework for monetary policy operations to ensure price stability.