Challenges drive investors to Togo, Cotonou, Ghana, CameroonEU countries reject 82 per cent of Nigeria’s agro-allied exportsAlready, Togo has overtaken Nigeria to become the leading port in West Africa. The group stressed that the CBN FX administration has not impacted both the nation and trade positively. It said the policies promote trade irregularities and non-compliance on the part of the trading public, especially as they struggle to stay in business. The group said FX illiquidity is a contributory factor to the ailing economy, especially considering the fact that the nation is still import-dependent. The group also expressed displeasure at the Nigeria Customs Service (NCS), shipping companies, terminal operators and others for declaring excess revenues amidst low cargo throughputs.

Source: The Guardian January 04, 2022 03:24 UTC