Skip to content
September 14, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
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)

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
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

INEC chairman Prof Joash Amupitan to keynote GOCOP 2026 conference
  • National News

INEC chairman Prof Joash Amupitan to keynote GOCOP 2026 conference

September 14, 2026
Troops arrest suspected drug peddler, foil terrorist attack, rescue two kidnap victims in Kaduna, Sokoto States Troops
  • National News

Troops arrest suspected drug peddler, foil terrorist attack, rescue two kidnap victims in Kaduna, Sokoto States

September 14, 2026
Dangote Opens N2.15tn Refinery IPO to Democratise Wealth Aliko Dangote
  • Business & Economy
  • National News

Dangote Opens N2.15tn Refinery IPO to Democratise Wealth

September 14, 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

Follow

Subscribe to notifications

You may have missed

FG Raises ₦1.23tn via Bonds to Tackle ₦4tn Power Sector Debt
  • Business & Economy

FG Raises ₦1.23tn via Bonds to Tackle ₦4tn Power Sector Debt

September 14, 2026
Steve Osuji’s 2027 Prophetic Fantasy, By Sunday Dare
  • Commentaries

Steve Osuji’s 2027 Prophetic Fantasy, By Sunday Dare

September 14, 2026
INEC chairman Prof Joash Amupitan to keynote GOCOP 2026 conference
  • National News

INEC chairman Prof Joash Amupitan to keynote GOCOP 2026 conference

September 14, 2026
Troops arrest suspected drug peddler, foil terrorist attack, rescue two kidnap victims in Kaduna, Sokoto States Troops
  • National News

Troops arrest suspected drug peddler, foil terrorist attack, rescue two kidnap victims in Kaduna, Sokoto States

September 14, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.