CBN directs banks to sell Dollars to Hajj Pilgrims at just N197; Nigerians React

The Central Bank of Nigeria, CBN, on Thursday directed banks and authorized forex dealers to sell the Pilgrims Travelling Allowance, PTA, to intending pilgrims at a concessionary exchange rate of N197 to $1. Soon after the directive was issued, Nigerians started complaining.

What is the crux of the matter? People are wondering why Business men and woman can't get Dollar at a cheaper rate to do their business, which enable them to create jobs for jobless Nigerians. But in the case of religion, which should be a personal obligation, CBN was quick to intervene.

Even the chairman of National Human Rights Commission, Ben Angwe, is not happy. See reactions:


  1. This country and her policies at times are demoralizing. Gosh! Adonbilivit. smh

  2. Is a welcome development, we need God in Nigerian more than any other thing call business or economy, If we seek God every other thing will be in place.

  3. With this development, it looks like the vehicle of CBN is a push and start car. The driver has no say of his own.

  4. This CBN governor is contributing to the hardship

  5. This is ridiculous sardonic. Why CBN can't sell to business people at the same rate..... This is horrendous

  6. Buhari don start to dey vex me o!

    #Olu, can you see?


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