Apart from the naira scarcity which was occasioned by the Central Bank Of Nigeria, CBN’s naira redesign policy, importers are also faced with the scarcity of FX which has been rationed by the CBN.
According to a report by the Punch, a member of the Board of Trustees of NSA, Jonathan Nicol, also stated that cargoes have been left uncleared at the Nigerian ports as most Nigerian importers also have difficulty accessing foreign exchange from banks for the exercise.