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
(EBID) - EBID aims to allocate nearly 41% of its commitments to projects with environmental and...
Mahindra & Mahindra is considering a CKD assembly plant near Durban to strengthen its presence i...
Four major operators—Mauritel, Mattel, Rimatel, and Chinguitel—submitted a combined bid of ...
Operators review 2025 investments, outline 2026 expansion plans Consumer complaints persist...
AFC disbursed €43 million for Côte d’Ivoire solar project Financing supports 66 MW pla...
The United States plans to increase uranium imports from Namibia and support local production. Namibia ranks as Africa’s top uranium producer and...
Petrobras acquired a 75% stake and operatorship in offshore Block 3 The move supports its 2026–2030 strategy to expand oil and gas...
Côte d'Ivoire confirmed a highly pathogenic H5N1 avian flu outbreak that killed about 95,000 poultry. The country had not reported a major...
Many Peaks confirmed a 1.3 million-ounce gold resource at the Ferké project The discovery supports Côte d’Ivoire’s target to reach 100 tonnes of...
The Virunga Gorilla Marathon is a relatively recent initiative held in the Virunga region, a volcanic mountain range straddling the borders of the...
Lomé is hosting the 9th edition of the International Film Festival of Togo (FIFTO) featuring 33 films. The event promotes African storytelling in...