The Federal Government on Thursday, approved a sum of $11 million personal travelling allowance for persons participating in this year’s Christian pilgrimage.
This was disclosed by the Central Bank of Nigeria (CBN), in a circular signed by Mrs. O. L. Ahuchogu on behalf of the Director, Trade and Exchange Department, CBN.
The circular, entitled ‘Year 2015 Christian Pilgrima-ge: Purchase of Pilgrims Travelling Allowance.’, noted that said amount will be purchased at a subsidized exchange rate of N160 per dollar for 13,800.
It said: “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.”