The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, said on Tuesday that non-oil exporters repatriated a total sum of $4.99 billion since the introduction of the RT200 initiative 10 months ago.
Emefiele, who disclosed this RT200 bi-annual conference in Lagos, said the figure was 56.43 percent higher than the $3.190 billion repatriated in 2021.
The CBN introduced the RT200 policy in February this year to reduce the country’s exposure to volatile sources of foreign exchange and improve sustainable forex inflow by giving rebates to exporters who repatriate their proceeds within a specific period of time.
