Nigerian president, Muhammadu Buhari has directed the Central Bank of Nigeria (CBN) to blacklist any firm, its owner and top management caught smuggling or dumping any of the restricted 43 items into Nigeria.
The CBN Governor, Mr. Godwin Emefiele disclosed the Presidential directive on Friday in Abuja during a meeting with oil palm producers.
Emefiele also said the presidential directive mandated the apex bank to expand and provide support to firms and individuals that want to expand the production of 10 different commodities in Nigeria.
The 10 different products are rice, maize, cassava, tomatoes, cotton, oil palm, poultry, fish, livestock dairy and cocoa.