The Federal Government has $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, the Central Bank of Nigeria has disclosed.
According to the bank’s circular entitled Year 2015 Christian Pilgrima-ge: Purchase of Pilgrims Travelling Allowance which was released on Thursday,
“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.”
It was signed by Mrs. O. L. Ahuchogu on behalf of the Director, Trade and Exchange Department, CBN.
