“The lack of access to forex and challenges in issuing letters of credit has resulted to both importers and exporters losing a lot from the trade, blamed on the expensive forex in Nigeria.
Lein blamed the trade imbalance between both countries to Nigeria’s importation of refined petroleum product from Norway, after exporting crude oil to the country. Kostveit said that residents of Port Harcourt were among the highest consumers of stockfish in the country, hence the decision to partner with importers and exporters in Rivers.
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