The inability of Nigerian flour millers to access foreign exchange for the importation of wheat and other production inputs is threatening to push up the price of flour and bakery products.

Findings by BizWatch Nigeria showed that flour millers in the country have turned to unofficial forex traders and are sourcing for dollars at a price as high as N520/$ from the parallel market when forex is available at an official rate of N410.26.

https://bizwatchnigeria.ng/analysis-forex-scarcity-threatens-flour-millers-bakery-industry/

FOREX IS NOT SCARCE,IT YU PPL THAT KEEP IMPORTING RUBBISH WITH DOLLARS. WHY DO YOU STILL IMPORT TEXTILE MATERIALS ASO-OKE,LACES AND VARIOUS NONSENSICAL THINGS FROM DUBAI LIKE EXPENSIVE FLOWER POTS WEY FULL OSHODI,IDUMOTE,BALOGUN,ALL THIS MADNESS BY SOCALLED MONEY MISS ROAD PPL IN LAGOS AND ABUJA ARE CAUSING THIS NONSENSE FOREX CHALLENGE.