The Lagos Chamber of Commerce and Industry, LCCI, says
the Nigerian government’s foreign exchange policy robs non-oil exports of profitability.
Muda Yussuf, Director-General, LCCI, made this known in a statement obtained on Saturday.
Mr. Yussuf noted that the government’s policy has led to sharp practices and corruption in the export documentation process.
According to him, the chamber had received several complaints from exporters, about the adverse effects of the current forex policy on the export business.