WHERE NOT TO SEEK BUREAU DE CHANGE IN NIGERIA.

Today any one seeking the services of Bureau De Change in Nigeria will almost be wasting his time looking beyond Lagos, Abuja and Kano. In those other places, they are like pin in a heap of sand.
According to the full list of approved BDCs released by the Central Bank of Nigeria early this month, there are now 2998 of them across the country.
Of this number, about 1584 or 52.8% are based in or with registered office in Lagos state.
Kano comes next from a distance with about 21.4% or some 643 BDCs based there or having registered address there
The next place to look is Abuja, the federal capital territory  It is home to about 17% or 510 of the BDCs currently officially approved.
In other words, between Lagos, Kano and Abuja, about 91.2% of the BDCs can be found and the rest of the nation have less than 10%.
Amongst the lot making do with less than 10% , some states like Anambra, and Abia played host to a fair share.
Yet, the present list must have been probed down considerably. Thus when the goodies were flowing into the pockets of BDCs from foreign exchange allocated to them monthly by the CBN to round trip as they like, the rest of the country benefitted only relatively.
Now that foreign exchange is scarce the while nation is suffering it together. The more painful is the plight of States from where forex was earned from crude oil by devastating their eco system for paltry 13% derivation so grudgingly given. They too must suffer not just from Nigeria's bent knees but also from reduced survival options.
Thank God, no BDC is being handed officially priced forex any more but certainly, in today's pain, memories of unjust past lingers still.

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