The
programme is aimed at raising $200 billion FX earnings through non-oil proceeds
over the next three to five years.
The programme includes a Non-Oil Exports Proceeds
Repatriation Rebate Scheme, which incentivises exporters in the non oil sector
to repatriate and sell export proceeds in the official FX market. Under the
scheme, CBN pays rebate of N65 for every dollar repatriated and sold in the
Investors & Exporters (I&E) window to authorised dealer banks for third
party use. The CBN also pays rebate of N35 for every dollar repatriated and
sold into I&E for own use for eligible transactions only, provided the
spread is not more than 10 kobo.
The apex bank also stipulated that payment of the incentives
shall be quarterly with exporters that qualify credited within one week after
the end of the quarter.
Speaking on the performance of the RT 200 programme in the
first quarter, Q1 ’22, Managing Director/Chief Executive, Fidelity Bank Plc,
Mrs. Nneka Onyeali-Ikpe, disclosed that 150 exporters repatriated $60 million
as export proceeds and qualified for N3.5 billion rebate under the programme.
She disclosed that the CBN Governor, Mr. Gowin Emefiele,
yesterday ordered the release of the rebate to the exporters through their respective
banks.
Onyeali-Ikpe spoke at a virtual press briefing at the end of
the Bankers Committee meeting held yesterday. The briefing was also addressed
by the Managing Director/Chief Executive 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.
The Fidelity Bank MD said: “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.”
On her part, Olusanya of GTBank spoke on the performance of
the e-Naira, the digital currency introduced by CBN last year, adding that the
e-naira has so far achieved consumer wallets of 165,000 and merchant wallets of
2,800 with 756,000 app downloads.
She stated: “As we all know, the future of currency is
digital and the CBN has also realised this fact and has proactively pioneered
the central bank digital currency, CBDC, in Africa. Other countries, most of
them are still in the research and development stage while two of them are in
the pilot phase. So we pioneered this in October last year which was six months
ago and since this was done we have seen over 756,000 downloads of the app.
“In terms of consumer wallet, we have seen 165,000 consumer
wallets and 2,800 merchant wallets. Moving onto phase 2, the plan is to onboard
the unbanked using the USSD platform. So this will be able to aid financial
inclusion.”
.jpeg)
0 comments:
Post a Comment