Amid the current coronavirus outbreak, hand sanitizers have become a very sought-after product in all markets and the federal government of Nigeria announced plans to ban their importation to bolster the local production. The announcement was made on March 11 by Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN).
After the country confirmed the first covid-19 case in sub-Saharan Africa, there was a strong demand for hand products suggested by the World Health Organization to help prevent the spread of the virus. The government has thus seen in this scenario the opportunity to support “made in Nigeria” products. “It is naira that we will pay to buy sanitizers, rather than using dollars to import sanitizers from China,” Godwin Emefiele said during a business conference in Abuja. “And I’m sure, as you all expect, that very soon, sanitizers will get into the list of items that are banned,” he added.
The measure is part of the government’s strategy to protect the local market, part of which authorities have restricted access to foreign exchanges and have banned the importation of many necessities such as soap, milk, and rice. Nigeria wants to rationalize the use of foreign exchanges, at a time when the price of oil, its main export, is falling.
Moutiou Adjibi Nourou
The BCID-AES launches with 500B CFA to fund Sahel infrastructure, asserting sovereignty from the B...
Togo passes new law tightening anti-money laundering and terrorism financing rules Legislat...
Creditinfo licensed to operate credit bureau across six CEMAC countries Bureau to collect b...
Nigeria confirms tax reform takes effect Jan. 1, 2026 despite opposition PDP alleges illegal inse...
Gabon names Thierry Minko economy and finance minister in Jan. 1 reshuffle Move follows tra...
Egypt welcomed 19 million tourists in 2025, up 21% from 2024. Charter flight traffic rose 32% during the year, with flights arriving from 193 cities...
Ivanhoe Mines produced the first 99.7% pure copper anodes at its Kamoa-Kakula smelter on Dec. 29, 2025. The $700 million facility can process...
Egypt and Qatar agreed on an MoU covering up to 24 Qatari LNG cargoes, mainly for summer demand. Egypt’s gas production fell to about 3.64 billion...
Banks expect Venezuela’s oil production to rise gradually after regime change, subject to heavy investment. JPMorgan projects output could reach up to...
Organizers opened submissions for the sixth Annaba Mediterranean Film Festival from Jan. 8 to Feb. 28, 2026. The festival accepts feature films, short...
The Vodun Days are a major cultural event held in Benin to celebrate, promote, and raise awareness of vodun, an ancestral religion deeply rooted in the...