Public Management

Nigeria to ban hand sanitizer import to bolster local production

Nigeria to ban hand sanitizer import to bolster local production
Thursday, 12 March 2020 17:53

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

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
The Central Bank of Nigeria issued 82 final currency exchanges offices licences after revoking more than 4,000 non-compliant ones in 2024. The...
Egypt’s NBE secures $100M EBRD loan to boost MSME financing Funds target youth- and women-led businesses to support private sector growth EBRD...
ASA-CI proposes mandatory supplementary pensions for private-sector workers in Côte d’Ivoire Life-insurance penetration remains low at 0.6% of GDP in...
Rwanda introduced eKash to enable instant, mobile-accessible, and interoperable transactions across banks, mobile money, SACCOs, and...
Most Read
01

Camtel to launch Blue Money in 2026, entering Cameroon’s crowded mobile money market led by MTN Mo...

Cameroon: State Owned Telecommunication Company To Enter Mobile Money Market
02

Eritrea faces some of the Horn of Africa’s deepest infrastructure and climate-resilience gaps, lim...

AfDB Re-engages Eritrea With Strategy Focused on Infrastructure, Climate Resilience and Regional Integration
03

Huaxin's $100M Balaka plant localizes clinker production, saving Malawi $50M yearly in f...

Malawi: New $100M Cement Plant Targets Forex Crisis but Faces Energy Reality
04

Nigeria seeks Boeing-Cranfield partnership to build national aircraft MRO centre Project aims t...

Nigeria Pursues Boeing, Cranfield Partnership to Establish Aircraft Maintenance Center
05

West African universities met in Dakar to address youth employment Delegates drafted a 10-15 ...

West African Universities Draft Long-Term Training Plan to Meet Labor-Market Needs
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.