I never thought Nigeria will get to the stage where a manufacturer has an invoice of $425000 to import materials and all that is allocated to him from CBN is $210 – Nigerian COO laments

The Chief Operating Officer of a manufacturing company in the country, Bola Adefila has cried out over the challenges facing the country in recent times. 

Adefila in her tweets revealed that she never thought Nigeria will get to a stage where a manufacturer has an invoice of $425000 to import materials and all that is allocated to him from CBN is $210. 

She added that while they are trying to be hopeful, things are getting worse. The COO tweeted;

Never in a million years would I have thought Nigeria will get to this stage. How do you explain it, that a manufacturer has an invoice of $425000 to import materials and all that is allocated to him from CBN is $210. I can’t even wrap my brain around it.

How do we rise above this? We’re trying to be hopeful but it’s getting worse. If it’s not Fx today, then it’s power/infrastructure. A healthy economy is gotten from the total aggregate of healthy businesses/entrepreneurs. We are really beginning to look like jokers

The situation is liken to “beating a child and expecting the child not to cry”, How now?