Godwin Emiefele, the Governor of the Central Bank of Nigeria (CBN) has warned shipping companies against exporting undocumented cargoes from Nigeria. Emiefele sent out this note of warning at the RT200 Non-Oil Export Summit 2023 on Tuesday in Abuja.
The CBN Governor stated thus:
“We all know that a nation that continues to export more than it imports is destined to fail and there will be no meaningful development of any nation without harnessing its export sector for the good of the nation,” he said
“In the case of Nigeria, we know that developing the non-export oil sector is absolutely imperative given that it holds vast potential for generating a significant amount of foreign exchange earnings.”
“We keep hearing people trying to sidetrack the process and all I can do now is appeal to those of us who believe we can do business without proper documentation to try as much as possible to desist from this practice.”
“We will continue to engage Customs, we will continue to engage Nigeria Ports Authority and we will continue to engage the shipping line or shipping agents to nip in the bud the incidence of exporting with documentation.”