AreaNigeria

Commodity GroupRice

CommodityAll

Date23/06/2015

Policy CategoryTrade

Policy InstrumentImport restrictions

DescriptionAnnounced that importers of rice and 39 other products would be barred from accessing Nigerian foreign exchange markets and would instead have to rely on their own funds to bring in these goods from abroad. The measure is geared at stabilising the local currency and encouraging greater domestic production of these commodities.