THE CBN GOVERNOR GODWIN EMEFIELE HAS STATED THAT FOREIGN EXCHANGE REPATRIATION INTO NIGERIA HAS INCREASED BY 40% AS A RESULT OF THE IMPLEMENTATION OF ITS RT200 FX PROGRAMME, NOTING THAT EXPORTERS WHO DO NOT SELL THEIR EXPORT PROCEEDS AT THE I&E WINDOW WILL NOT BE ELIGIBLE FOR THE REBATE. EMEFIELE STATED  THIS WHILE DELIVERING HIS KEYNOTE ADDRESS AT THE RT200 NON-OIL EXPORT SUMMIT ON MAY 9, 2023, AT THE LAGOS CONTINENTAL HOTEL IN LAGOS WITH THE THEME “CHALLENGES AND PROSPECTS TO SUCCESS.”  THE CBN GOVERNOR FURTHER EXPLAINED THAT WHEN THE RT200 PROGRAMME WAS STARTED, ONLY $62 MILLION WAS REPATRIATED BY MARCH 2022, ADDING THAT BY THE SECOND QUARTER, WHICH WAS BETWEEN APRIL AND JUNE 2022, IT HAD RAISED TO ABOUT $600 MILLION. HE MENTIONED THAT BY THE THIRD QUARTER, JULY TO SEPTEMBER 2022, IT HAD RISEN TO MORE THAN $900 MILLION.

 

Leave A Comment

you might also like