The circular was signed by
Mrs O L. Ahuchogu on behalf of the Director, Trade and Exchange Department,
CBN.
The Federal Government has
approved $11 million personal travelling allowance at a subsidized exchange
rate of N160 per dollar for 13,800 persons participating in this year’s
Christian pilgrimage.
This was disclosed by the
Central Bank of Nigeria, CBN, yesterday, in a circular entitled Year 2015
Christian Pilgrima-ge: Purchase of Pilgrims Travelling Allowance.
It said: “The Federal
Government has approved the purchase of a maximum of $1000 at concessionary
rate of N160 to the dollar by each intending pilgrim as personal travel
allowance.
“Consequently each pilgrim
travelling to Israel is entitled to maximum of $750, while those going to
Israel/Rome or Greece are entitled to a maximum of $1000.”

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