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Nigerians outraged at N197 Hajj subsidy 

​Nigerians on social media have expressed outrage over the Central Bank of Nigeria’s decision to subsidize sale of forex pilgrims traveling for the hajj..  The CBN had in a recent circular instructed commercial banks to help it sell between $750 and $1000 per person at a subsidized exchange rate of N197. The official exchange rate […]

​Nigerians on social media have expressed outrage over the Central Bank of Nigeria’s decision to subsidize sale of forex pilgrims traveling for the hajj.. 

The CBN had in a recent circular instructed commercial banks to help it sell between $750 and $1000 per person at a subsidized exchange rate of N197. The official exchange rate is currently at about N315/$1.

Nigerians took to twitter to express outrage frustrated that the government was losing money just because it wanted to cater to its religious obligations. Subsidy for religious pilgrims, both for Christians and Muslims on travels 

https://twitter.com/Enyi/status/761487265189298176


https://twitter.com/demola_salami/status/761480608258330624




Comments 1

  1. JOSIAH A. ILORI

    MUST NIGERIA SUBSIDY HAJJ OPERATION? I BELIEVE HAJJ HAS BEEN THE RESPONSIBILITY OF THE INDIVIDUAL NIGERIANS WHO CAN AFFORD THE RELIGIOUS OBLIGATION. NO RELIGION, INCLUDING CHRISTIAN PILGRIMS SHOULD ENJOY SUBSIDY. OUR ECONOMY PRESENTLY CAN NOT AFFORD IT. LET THE FEDERAL GOVERNMENT LEARN TO MANAGE THE LITTLE FOREIGN EXCHANGE WE HAVE WISELY. I REALIZE THE POSITION OF THE PRESIDENCY WITH REGARD TO RELIGION AND IT SENSITIVITY, BUT MUST REALIZE THAT THE ECONOMIC DISPOSITION OF THE NATION IS MORE PARAMOUNT THAN SUBSIDY TO HAJJ!


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