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Nigeria's RT200 FX Programme
#1 · February 10, 2022, 10:50 PM
If you export your best asset (your people), you have an obligation to figure out how to extract value from that export. The Central Bank of Nigeria (CBN) is running that playbook with the launch of RT200 FX Programme with the aim to hit $200 billion in FX repatriation. If Forex does not kill Nigeria, nothing else will. The experiment continues...
“After careful consideration of the available options and wide consultation with the Banking Community, the CBN is, effective immediately, announcing the Bankers’ Committee “RT200 FX Programme”, which stands for the “Race to US$200 billion in FX Repatriation,” CBN governor, Godwin Emefiele said.