FG Approves $11m Travelling Allowance For Christian Pilgrims

Central-Bank-of-Nigeria-CBN1

The Federal Government has approved $11 million personal travelling allowance for the 13,800 persons participating in this year’s Christian pilgrimage, at a subsidized exchange rate of N160 per dollar.

This was disclosed by the Central Bank of Nigeria (CBN), yesterday, in a circular entitled Year 2015 Christian Pilgrimage: Purchase of Pilgrims Travelling Allowance.

“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,” the circular signed by Mrs. O. L. Ahuchogu on behalf of the Director, Trade and Exchange Department, CBN said.

“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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