Nigerians are finding it increasingly difficult to access the United States dollar at the Central Bank of Nigeria’s official rate for eligible transactions, Daily Trust findings revealed.
Worse affected are those travelling abroad who are experiencing delays in accessing Business Travel Allowance (BTA), Personal Travel Allowance (PTA) and monies to pay for medicals and others.
Parents are also affected as they are finding it difficult to access the dollar for remittances of school fees and upkeep allowances for their children.
Daily Trust investigations revealed that it is extremely difficult to access the dollar because the demand far outweighs supply, forcing some banks to extend the request period request period for PTA/BTA from two weeks to eight weeks.
But other .s said the CBN had tightened the processes of getting the dollar because some unpatriotic Nigerians have been abusing the process.
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