Nigeria spent a whooping $2.41bn on rice importation just between January 2012 and May this year, Governor of the Central Bank of Nigeria, Godwin Emefiele, said on Tuesday.
Emefiele said the country was spending so much on imports, and that this informed the apex bank's recent decision to ban forex
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Onyinye Nwachukwu
Nigeria's leading finance and market intelligence news report. Also home to expert opinion and commentary on politics, sports, lifestyle, and more
