The Central Bank of Nigeria (CBN) Governor, Emefiele has recently revealed that a total of US$1.7 billion was repatriated to the Nigerian economy in the first quarter of 2023, while about $790 million was sold at the I&E window year-to-date.
This he disclosed during the RT200 CBN, Banks, Stakeholders meeting on Boosting Nigeria’s Non-oil Exports held on Tuesday 10th May, 2023 in Lagos.
Speaking at the conference, Emefiele went further to holders of export proceeds in their domiciliary accounts to take advantage of the rebate scheme by selling them at investors’ and exporters’ window.
The CBN Governor assures that the CBN remains committed to strengthening and expanding foreign exchange supply into the Nigerian export market.
He affirms, “There is no better time than now to synergise for the benefit of our nation as we implement a coordinated policy agenda that will support the economy and improve economic activities,”
Also the Lagos State Governor, Babajide Sanwo-Olu also lauds RT200 initiative, supports push away from heavy dependence on fossil fuel as major source of Nigeria’s foreign exchange even as Nigeria’s success in import substitution in fertilizer production excites CBN Governor.
The CBN Governor, Godwin Emefiele however, enumerates the benefits of RT200 programme to Nigerian economy…discloses that Dangote Refinery will be inaugurated on May 22, 2023.
At the end, he urges stakeholders to collaborate in repositioning Nigeria on a sustainable growth trajectory.