The Central Bank of Nigeria (CBN) today, directed Authorised Dealers to discontinue the processing of Forms M for the importation of Maize/Corn with immediate effect.
This move, the bank said on its Twitter handle,
is to increase local production of the commodity, stimulate a rapid economic recovery, safeguard rural livelihoods and increase jobs, which were lost as result of the ongoing COVID-19 pandemic.
The statement, signed by Dr. O.S. Nnaji, Dirèctor Trade and Exchange Department , said: “ All Authorised Dealers are hereby requested to submit the list of Forms M already registered for the importation of Maize/Corn using the attached format on or before the close of business on Wednesday Juiy 15,”