Dangote backs CBN Forex restrictions on Rice, toothpicks and 39 other items into Nigeria.

So Thisdaylive is reporting that Dangote has backed the decision by the Central Bank to ban 41 items from the forex market. Dangote is quoted as saying "excellent and one of the best decisions taken so far by the CBN Governor, Mr Godwin Emefiele"

This is coming amidst criticism from foreign media calling for a devaluation of the Naira instead of foreign exchange restrictions on certain items.

Dangote has implied that it was such a move made during the Olusegun Obansanjo administration that saw the rise of his cement empire. With Dangote cement thriving as the leader in the manufacturing and exportation of  cement in Africa.

See Full List of items banned :

1:Rice

2:Cement

3:Margarine

4:Palm Kernel/Palm oil products/Vegetable oil

5:Poultry: Chicken/Eggs/Turkey

6:Vegetable and processed vegetable products

7:Meat and processed meat products

8:Private Planes and Jets

9:Incense

10:Tinned Fish with sauce(Geisha)/sardines/fish

11:Cold Rolled Steel Sheets

12:Galvanised Steel Sheets

13:Roofing Sheets

14:Wheelbarrows

15:Head pans

16: Metal Boxes and Containers

17: Enamelware

18: Steel Drums

19:Steel Pipes

20:Wire Rods (deformed and non-deformed)

21:Iron Rods and Reinforcing bars

22:Wire Mesh

23:Steel Nails

24:Security and Razor wire

25:Wood particle boards and panels

26:Wood Fiber boards and panels

27:Plywood boards and panels

28:Wooden Doors

29:Furnitures

30:Toothpicks

31:Glass and Glassware

32:Kitchen Utensils

33:Tableware

34:Tiles: Vitrified and ceramic

35:Textiles

36: Woven fabrics

37:Clothes

38:Plastic and Rubber products, cellophane wrappers and Finished Aluminium Cans

39:Soap and Cosmetics

40:Tomatoes/Tomato Paste

41:Euro Bond/Foreign Currency Bond/Share Purchases