Skip to content
July 4, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist Logo

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Watch Online
  • Home
  • National News
  • CBN is cause for passport scarcity- Immigration Service 
  • National News

CBN is cause for passport scarcity- Immigration Service 

Admin May 10, 2023
Nigerian-Passport

Nigerian passport

Nigerian-Passport
Nigerian passport

The Nigerian Immigration Service (NIS) has blamed the scarcity of International passport booklets on the Central Bank of Nigeria (CBN) policy on forex.

The Comptroller-General of the service, Mr Idris Jere said this at a public hearing organised by an ad hoc Committee of the House of Representatives in Abuja.
“Foreign exchange regulation policy of the government and CBN’s refusal to grant access to forex for importation of the passport booklets.
“We generate forex from sale of passport but we do not have access to buy the same booklet and that is a challenge for NIS.
“The factors responsible for scarcity of passport include the inability to setup passport producing factory in Nigeria as its production is done abroad.
“The major seven component used for producing passports are sold in international market and the assemblage and production are done in Malaysia,” he said.

He said that Irris Smart Technology Ltd, the foreign company responsible for producing the passport had done well given the conditions.

He said that the presidential directive to commence production of passport locally by the Nigerian Security Printing and Minting (NSPM) was a welcome development.

He, however, recommended that a proper exit plan be put in place for a smooth handover from Irris Smart Tech to prevent any breach of contract and production process.

Earlier, the Managing Director of Irris Smart Technology Ltd , Mr Yinker Fisher said that before the advent of the e-passport system, the Nigerian passport was marred with embarrassing irregularities and inconsistency under the watch of NSPM.

According to him, as a result of lack of capacity, NSPM outsourced the process to three companies which led to so many irregularities including passport colour and numbers.(NAN)

Email 0 Facebook 0 Twitter 0 Reddit 0
X Linkedin 0 Stumbleupon 0
Tags: CBN Forex Idris Jere Nigerian Immigration Service Passport

Post navigation

Previous Court strikes out Sen. Brent’s defamation suit against Fani-Kayode’s wife
Next $382,000 Fraud: How Suspected Fraudster duped his victims from 13 Countries in a Bitcoins Scam

Related Stories

Atiku bombshell: Tinubu govt stealing 2% of Nigeria’s GDP for 2027 election; N8.8trn unrecorded- IMF
  • National News

Atiku bombshell: Tinubu govt stealing 2% of Nigeria’s GDP for 2027 election; N8.8trn unrecorded- IMF

July 4, 2026
Kidnapped CAC worshippers rescued in Ekiti — Police Police
  • National News

Kidnapped CAC worshippers rescued in Ekiti — Police

July 4, 2026
Northern Nigeria food crisis: Peter Obi demands urgent action  Food security
  • National News

Northern Nigeria food crisis: Peter Obi demands urgent action 

July 4, 2026

logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

You may have missed

Atiku bombshell: Tinubu govt stealing 2% of Nigeria’s GDP for 2027 election; N8.8trn unrecorded- IMF
  • National News

Atiku bombshell: Tinubu govt stealing 2% of Nigeria’s GDP for 2027 election; N8.8trn unrecorded- IMF

July 4, 2026
Kidnapped CAC worshippers rescued in Ekiti — Police Police
  • National News

Kidnapped CAC worshippers rescued in Ekiti — Police

July 4, 2026
Northern Nigeria food crisis: Peter Obi demands urgent action  Food security
  • National News

Northern Nigeria food crisis: Peter Obi demands urgent action 

July 4, 2026
How Gbajabiamila scammed the nation: Allegations of Adeniyi Matthew 
  • Special Reports

How Gbajabiamila scammed the nation: Allegations of Adeniyi Matthew 

July 4, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.