The 150 exporters who participated in the Race To $200 billion scheme have qualified for a N3.5 billion rebate, IgbereTV reports
This was one of the highlights of the Bankers’ Committee meeting held in Abuja on Thursday and announced by Managing Director of Fidelity Bank, Nneka Onyeali-Okpe
She said that the rebate to the exporters would be paid quarterly.
The RT200 FX Programme is a set of policies, plans and programmes for non-oil exports that will enable the country attain the lofty goal of $200 billion in FX repatriation, exclusively from non-oil exports, over the next 3-5 years.
The scheme announced at the end of the February Bankers Committee meeting is anchored on a Value-adding exports facility, Non-oil commodities expansion facility, a Non-oil FX rebate scheme, a Dedicated Non-oil export terminal and a Biannual non-oil export summit
