150 exporters today received N3.5 billion as rebate from the Central Bank of Nigeria of Nigeria, CBN, for selling $60 million export proceeds through the official Investors & Exporters foreign exchange window.
The rebate was paid to the exporters through their banks under CBN’s Race To $200 billion (RT 200) programme designed to raise $200 billion FX earnings through non-oil proceeds over the next three to five years.
Managing Director/Chief Executive, Fidelity Bank Plc, Mrs. Nneka Onyeali-Ikpe, disclosed this while speaking on the performance of the RT 200 programme in the first quarter, Q1 ’21, at a virtual press briefing at the end of the Bankers Committee meeting held yesterday.
“There are 150 customers at various levels. Some under the finished goods categories and some under the semi-finished goods categories.. The money was only released today for this quarter. It is going to be paid quarterly and N3.5 billion will be paid to the 150 customers that I mentioned earlier on.”
She added that the CBN Governor, Mr. Gowin Emefiele, ordered the release of the rebate to the exporters today through their respective banks.
Also in attendance at the press briefing were the Managing Director/Chief Executive, MD/CEO of GTBank Limited, Miriam Olusanya; MD/CEO Sterling Bank Plc, Abubakar Suleiman; MD/CEO Wema Bank Plc, Ademola Adebise; Director, Banking Supervision, CBN, Haruna Mustafa, and Director, Corporate Communication, CBN, Osita Nwanisobi.
