LCCI: CBN’s RT200 FX scheme commendable but needs right mechanisms to thrive

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Lagos Chamber of Commerce and Industry says the newly introduced forex repatriation scheme needs adequate mechanisms to achieve desired results.

Last week, the Central Bank of Nigeria introduced the RT200 FX programme, an initiative to generate $200 billion from non-oil exports and increase foreign reserves over the next three to five years.

In a statement issued on Monday, Chinyere Almona, LCCI director-general, said the programme required critical export infrastructure, international trade diplomacy, and adequate funding.

 

– The Cable

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