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Nigerians’ll Take Long to Forget Buhari’s 8 Years – Sam Amadi On CBN Lifting Forex Restriction
Posted by Thandiubani on Fri 13th Oct, 2023 - tori.ngAmadi was reacting to the step taken by the Central Bank of Nigeria, CBN, on forex.
Nigerian public affairs analyst, Sam Amadi has reacted to the lifting of forex restrictions by the Central Bank of Nigeria.
Speaking on Friday, he described former President Muhammadu Buhari’s eight years as a disaster.
The Director of the Abuja School of Social and Political Thoughts, said it would take a very long time for Nigerians to forget Buhari’s tenure.
Amadi was reacting to the step taken by the Central Bank of Nigeria, CBN, on forex.
Posting on X, Amadi wrote: “Today the CBN rightly nullifies one of @MBuhari crazy monetary policies. It will take a very long time to forget Buhari’s disastrous 8 years.
“And to think that reasonable humans still bragging on twitter believed that Buhari should replace Jonathan and even be a councilor horrifies.”
The apex bank had lifted the foreign exchange restriction on 43 items. This restrictions were placed by Buhari’s administration.
The items include:
1. Rice
2. Cement
3. Margarine
4. Palm kernel
5. Palm oil products
6. Vegetable oils
7. Meat and processed meat products
8. Vegetables and processed vegetable products
9. Poultry and processed poultry products
10. Tinned fish in sauce (Geisha)/sardine
11. Cold rolled steel sheets
12. Galvanized steel sheets
13. Roofing sheets
14. Wheelbarrows
15. Head pans
16. Metal boxes and containers
17. Enamelware
18. Steel drums
19. Steel pipes 20. Wire rods (deformed and not deformed)
21.Iron rods
22. Reinforcing bars
23. Wire mesh
24. Steel nails
25. Security and razor fencing and poles
26. Wood particle boards and panels
27. Wood fiberboards and panels
28. Plywood boards and panels
29. Wooden doors
30. Toothpicks
31. Glass and glassware
32. Kitchen utensils
33. Tableware
34. Tiles-vitrified and ceramic
35. Gas cylinders
36. Woven fabrics
37. Clothes
38. Plastic and rubber products
39. Polypropylene granules
40. Cellophane wrappers and bags
41. Soap and cosmetics
42. Tomatoes/tomato pastes
43. Eurobond/foreign currency bond/ share purchases.
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