So just to recap, we have the raw materials, the skills, and the market, and if we stopped importing fuel our foreign exchange crisis might be over. If the central bank really believed that banning products from the official markets really led to local production of that product, then why isn’t fuel on the list. Surely fuel should be the 42nd item.
The one where I lobby to add a 42nd item to the infamous foreign exchange exclusion list. My article in the guardian today, in print and online (http://guardian.ng/business-services/naira-struggles-the-missing-42nd-item/)