The House of Representatives is to invite the Governor of the Central Bank of Nigeria (CBN), OLAYEMI CARDOSO, over the new policy lifting forex restriction on 43 items.

The lawmakers passed the resolution to summon the CBN governor, following the adoption of a motion of urgent public importance by a member, SADA SOLI, calling for clarification on the policy and its implications on the economy.

The lawmaker drew the attention of the House to the fact that some of the initially prohibited items have tariffs to protect local industries.

Further worried that Nigeria will not be competitive in the African Continental Free Trade Area if its markets are flooded with imported finished goods, the House resolved that its relevant committees should invite the central bank governor for further explanation.