The National Association of Government Approved Freight Forwarders (NAGAFF) has reiterated its call on the Federal Government to lift the foreign exchange restriction (Forex) on 41 imported items.
The National Publicity Secretary of NAGAFF, Mr Stanley Ezenga, made the call in an interview with the News Agency of Nigeria (NAN) in Lagos.
Ezenga said that the restriction had led to low business activities at the various ports, thus affecting revenues due to the government and operations of stakeholders, including freight forwarders.
He said, “NAGAFF and other stakeholders have appealed to the government to consider a review of the policy, because it is not good for business at the ports.
“We are worried that the government has not considered our appeals in spite of the obvious negative impact it is having on importation and revenue.
“We are using this medium to appeal again to the government to review the restriction so that business can pick up and improve revenue at the ports.“
The Federal Government had in 2015 imposed foreign exchange restriction on some 41 imported items as a response to falling forex earnings due to oil price crash.
It has since brought lull to activities at the various ports, prompting stakeholders to call for a review.
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