On Thursday, the Central Bank of Nigeria(CBN) unveiled the bankers’ committee ‘RT200 FX Programme’, which stands for the ‘Race to $200 billion in FX Repatriation’.
The bankers’ committee is the umbrella body of CBN directors and chief executives of all deposit money banks (DMBs), with the CBN governor as chairman.
Addressing journalists after the bankers’ committee meeting, Godwin Emefiele, CBN governor, said the initiative was designed to generate $200 billion from non-oil exports.
“The RT200 FX Programme is a set of policies, plans and programmes for non-oil exports that will enable us to attain our lofty yet attainable goal of US$200 billion in FX repatriation, exclusively from non-oil exports, over the next 3-5 years,” he said.
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