The Central Bank of Nigeria (CBN) has reiterated that the ban on importation of all NPK fertilizers and any other variant remains in force, warning that no authorized dealer should establish Forms M for the importation of these items.
A.S. Jibril, signing on behalf of the Director of the trade and exchange Department, made this clear in a notification to the public.
The three paragraph dispatch read:
“Further to our circular ref: TED/FEM/FPC/GEN/01/006 of December 10, 2018 in respect of the above subject, all Authorised Dealers and the General Public are hereby informed that the ban on the importation of all NPK fertilizers and any other variant remains in force.
“For the avoidance of doubt, NO Authorised Dealer shall henceforth establish Forms M for the importation of these items.
“In view of the foregoing, any Authorised Dealer that establishes Forms M for the importation of all NPK fertilizers and any other variant shall be severely sanctioned including the Management and staff responsible for the transaction.”
