Author Topic: President Buhari lifts forex ban on 41 restricted items  (Read 284 times)

0 Members and 1 Guest are viewing this topic.

Offline yungcrux

  • Global Moderator
  • Hero Member
  • *****
  • Posts: 881
    • View Profile
President Buhari lifts forex ban on 41 restricted items
« on: December 12, 2016, 10:46:01 AM »
Loading...

The federal government is set to lift the forex ban it placed on some 41 items last year.



The 2017 Fiscal Policy Roadmap, a document released by Finance Minister Kemi Adeosun, explains how the pressure on the naira at the parallel market.

The document said FG “will replace administrative measures on list of 41-items with fiscal measures to reduce demand pressure in parallel market.”

The minister stated that government would actively partner with the private sector to achieve this by use of a number of new funding platforms, including the Road Trust Fund, which would develop potentially tollable roads, and the Family Homes Fund, which is an ongoing PPP initiative for funding of affordable housing.

According to her, the tax provision that allows companies to receive tax relief for investment in roads on a collective basis would also be reviewed.



 

Angry Traders shut down APC secretariat, accuse Buhari of marginalising traders

Started by internet police

Replies: 0
Views: 143
Last post March 11, 2016, 08:12:44 AM
by internet police
APC React to PDP call for buhari's Resignation amid Nigeria 2016 missing Budget

Started by newspostng

Replies: 0
Views: 199
Last post January 15, 2016, 10:27:53 AM
by newspostng
World Bank backs Buhari to probe NNPC on missing funds

Started by mastercode

Replies: 0
Views: 388
Last post April 14, 2015, 12:28:27 PM
by mastercode
Buhari laments again - 'I inherited empty treasury, huge debts from Jonathan'

Started by mastercode

Replies: 0
Views: 203
Last post June 24, 2015, 09:33:30 AM
by mastercode
$150BN Stolen From Nigeria by Politicians, Buhari Tells Obama-Help Us Recover It

Started by internet police

Replies: 0
Views: 321
Last post July 23, 2015, 01:17:08 AM
by internet police
Nigeria Economy Collapsing Gradually, Civil service organizations Tell Buhari

Started by mastercode

Replies: 0
Views: 131
Last post October 29, 2015, 05:14:37 PM
by mastercode
Presidency buhari unfolds N500 Billion social welfare programmes

Started by internet police

Replies: 0
Views: 171
Last post February 08, 2016, 10:23:31 AM
by internet police
Buhari orders establishment of committees on new China/Nigeria joint projects

Started by yungcrux

Replies: 0
Views: 162
Last post April 13, 2016, 01:22:14 AM
by yungcrux
Buhari ordered CBN to release N500 Billion Paris Club cash

Started by internet police

Replies: 0
Views: 239
Last post March 17, 2017, 03:11:19 AM
by internet police
Nigerian Senators slams Buhari's N6.08tr Budget, says its unrealistic

Started by yungcrux

Replies: 0
Views: 127
Last post January 20, 2016, 11:06:44 PM
by yungcrux