The Presidency has said that the subsidy on foreign exchange offered to Muslim pilgrims was also made available to Christian pilgrims.
The directive of the Central Bank of Nigeria (CBN) that Deposit Money Banks (DMBs) should sell dollars to Muslims embarking on Hajj pilgrimage at the rate of N197 to the dollar has generated widespread criticism.
The announcement, which was disseminated on Thursday through a CBN circular, noted that the federal government’s special concession could be accessed by 65,167 pilgrims.
“Each pilgrim is entitled to purchase a minimum of $750.00 and maximum of US$1,000.00 as PTA,” CBN said in the circular signed by W.D. Gotring, acting director of the bank’s trade and exchange department,” the circular said.
“The Federal Government has approved that intending pilgrims are to be sold the PTA at a concessionary exchange rate of N197.00 to the US dollar.
Like Us on Facebook!
0 comments:
Post a Comment