JUST IN: FG Raises Exchange Rate For Cargo Clearance To N951/$ 

MOUTHPIECE NGR reports that Federal Government through the Central Bank of Nigeria, has raised the exchange rate for cargo clearance from N783/$ to N952/$.

This is coming barely three weeks after the rate was increased from N757/$ to N783/$.

MOUTHPIECE NGR recall that in November, the exchange rate for cargo clearance was raised from N757 per dollar to N783 per dollar, representing a 3.4 per cent increase.

However, our correspondent observed on Thursday that the new rate has reflected on the portal of the Nigeria Customs Service.

Following the development, Nigerians have continued to grumble and expressed their frustration to the current economic situation under President Tinubu. 

According to a commentator on popular social app, every single day, Tinubu’s calamitous economic policies keep moving millions of Nigerians into poverty. 

Another one wrote: “Look at that, cargo clearance. Y’all turned the country into a dump site with all kinds of junks being wasted on dollars, shameless wailers. During the election, they were screaming “from consumption to production” yet they are the biggest culprits of importation. Crying over another man’s currency than to strengthen the local currency.”