Abdul Samad Rabiu, chairman of BUA Group, says Nigeria’s foreign exchange reforms (FX) have eased businesses’ access to dollars, reducing their dependence on allocations from the Central Bank of Nigeria (CBN).
Speaking at the 32nd Nigerian Economic Summit on Monday, Rabiu said companies previously had to approach the apex bank every two weeks to seek foreign exchange for purchasing machinery and raw materials, making it difficult to plan major investments.
The cable
