Friday 13 October 2023

Nigerians’ll take long to forget Buhari’s 8 years – Sam Amadi on CBN lifting forex restriction


A public affairs analyst, Sam Amadi, on Friday, described former President Muhammadu Buhari’s eight years as a disaster.

The Director of the Abuja School of Social and Political Thoughts, said it would take a very long time for Nigerians to forget Buhari’s tenure.

Amadi was reacting to the step taken by the Central Bank of Nigeria, CBN, on forex.

Posting on X, Amadi wrote: “Today the CBN rightly nullifies one of @MBuhari crazy monetary policies. It will take a very long time to forget Buhari’s disastrous 8 years.

 “And to think that reasonable humans still bragging on twitter believed that Buhari should replace Jonathan and even be a councilor horrifies.”

The apex bank had lifted the foreign exchange restriction on 43 items. This restrictions were placed by Buhari’s administration.

The items include:

1. Rice

2. Cement

3. Margarine

4. Palm kernel

5. Palm oil products

6. Vegetable oils

7. Meat and processed meat products

8. Vegetables and processed vegetable products

9. Poultry and processed poultry products

10. Tinned fish in sauce (Geisha)/sardine

11. Cold rolled steel sheets

12. Galvanized steel sheets

13. Roofing sheets

14. Wheelbarrows

15. Head pans

16. Metal boxes and containers

17. Enamelware

18. Steel drums

19. Steel pipes 20. Wire rods (deformed and not deformed)

21.Iron rods

22. Reinforcing bars

23. Wire mesh

24. Steel nails

25. Security and razor fencing and poles

26. Wood particle boards and panels

27. Wood fiberboards and panels

28. Plywood boards and panels

29. Wooden doors

30. Toothpicks

31. Glass and glassware

32. Kitchen utensils

33. Tableware

34. Tiles-vitrified and ceramic

35. Gas cylinders

36. Woven fabrics

37. Clothes

38. Plastic and rubber products

39. Polypropylene granules

40. Cellophane wrappers and bags

41. Soap and cosmetics

42. Tomatoes/tomato pastes

43. Eurobond/foreign currency bond/ share purchases.

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