• Supporting Domestic Production: Given the remarkable success that has been achieved in stimulating domestic production of goods such as rice, cassava and maize, as a result of the restrictions placed by the CBN on access to forex for 41 items, the CBN intends to vigorously ensure that this policy remains in place, and additional efforts would  be  made  unscrupulous  to  block  parties(both 38  any  attempts  individuals  by and  corporates) that intend to find other avenues of accessing forex, in order to import these items into Nigeria.
From a global perspective, however, the balance of payments identity, in principle, should ensure that high surpluses in some countries are matched by deficits in other countries. Thus, the emergence of a large surplus or deficit in one country’s external account implies the mirror image elsewhere.