The Manufacturers Association of Nigeria has said that the Central Bank of Nigeria’s processes of allocating foreign exchange have its members in a dire situation.
According to association, the manufacturing business is becoming an endangered sector due to challenges ranging from forex storage to many other issues..
The association said , the government must deliberately address the issue of prioritising the allocation of scarce forex.
The director of the association, Ajayi-Kadir, who spoke at the gathering, emphasized the importance of forex, said misplaced priority on the part of the government had caused the manufacturing sector to suffer the most with regard to the allocation of foreign exchange.
