Because the central bank is not willing to modify its foreign exchange controls, ketchup industry manufacturers said that if the policy is still no change before the second quarter to 2017, 19 billion naira ketchup industry facing risk of collapse.

Reported, according to the manufacturer's data, before the central bank to an injunction, ketchup imports reached $170 million, with imports of used to pack again three times concentrated tomato sauce with $50 million, accounting for the main proportion, ketchup industry production. Currently, under the control of foreign exchange, unable to purchase three times concentrated tomato paste, it is difficult to produce the production of the tomato sauce industry. Think back to last month when the big maker of the big ketchup company advertised to shut down its $150 million plant in Nigeria and move to another country.

The report quoted a spokesman for the manufacturer's association as saying that foreign exchange control measures have seriously affected the development of the industry. The local packaging industry can not only meet domestic demand, but also sell to other parts of west Africa to earn foreign exchange. The government needs to understand that concentrated tomato sauce is three times as raw materials, not finished product, even if in the future, developing their own three times concentrated tomato paste factory, due to the existence of the overseas market, its production of products is also can't completely in sales.