• Nigerians condemn FG for dollar subsidy to Hajj pilgrims

    Nigerians condemn FG for dollar subsidy to Hajj pilgrims

    Many Nigerians have condemned the Federal Government for selling forex exchange to Hajj pilgrims at a subsidised rate of N197 to the dollar.

    The Central Bank of Nigeria had released a circular stating that forex would be made available to the pilgrims at the rate.

    However, several criticisms have trailed the announcement.

    Nigerians said it was not reasonable for the Federal Government to subsidise the dollar for pilgrims when manufacturers, students and businesses were getting it at an official rate of N310 and […]