The RT200 FX Programme, which stands for the Race to 200 billion dollars in FX Repatriation, is a set of policies for non-oil exports to enable Nigeria attain the goal of 200 billion dollars in FX repatriation.
Emefiele said, “We will make payments to all those who have exported, their proceeds have come in and they sold them through the I&E window to import goods and services into the country. So, the first set of payment for the rebate will be done by next week and we are actually making it public so that Nigerians can know. And so that they can also encourage other exporters to say that the era when you export and your rebate never comes in five years, that era is gone,” he said.
The CBN governor expressed the bank’s determination to ensure the success of the initiative.
He said the kind of numbers that the apex bank got from the banks showed the policy was working very well.