The Central Bank of Nigeria said $1.7 billion was repatriated to Nigeria's economy in the first quarter of 2023. The Governor of CBN, Godwin Emefiele, on
The Central Bank of Nigeria said $1.7 billion was repatriated to Nigeria’s economy in the first quarter of 2023.
The Governor of CBN, Godwin Emefiele, on Tuesday disclosed this at Lagos’s third Bi-Annual Non-Oil Export Summit.He noted that its RT200FX programme has continued to positively impact Nigeria’s economy.“In the first quarter of 2023, a total of $1.7 billion was repatriated to the economy, while about $970 million was sold into the I&E window,” he stated.
On February 10 2022, CBN established the RT200FX initiative to stimulate non-oil exports with a $200 billion FX income target in the next three to five years.
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