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Forex concessions for pilgrimages

The directive by the Central Bank of Nigeria (CBN) for the Pilgrims Travel Allowance (PTA) to be sold to intending pilgrims at N197 to $1 has, understandably drawn sharp criticisms, coming at a time that factories cannot get enough foreign exchange to import crucial inputs and parents are finding it difficult to pay the school bills of their children studying abroad due to the scarcity and high cost of foreign exchange.

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