Godwin Emefiele: The Race To $200 Billion in FX Repatriation into Nigeria

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Godwin Emefiele: The Race To $200 Billion in FX Repatriation into Nigeria

Governor of the Central Bank of Nigeria, Godwin Emefiele, announced the introduction of the bank’s RT200 FX program to boost the country’s foreign exchange inflow through non-oil exports. The RT200 FX policy stands for the ‘Race To $200billion in FX Repatriation into Nigeria’.

“The era is coming to an end when, because your customers need $100 million in foreign exchange or $200 million, you now want to pack all the dollars and pass it to CBN to give you dollars”, said Emefiele.

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