150 exporters share CBN’s 3.5 billion naira incentive for $60 million transfer – The Sun Nigeria


By Omodel Adigun

For by pouring export earnings of $60 million into the economy under the Central Bank of Nigeria (CBN) policy RT 200, 150 exporters received a rebate of N3.5 billion, for the first quarter of the year, as promised by the apex bank.

This was revealed on Thursday during the press conference following the 364th meeting of the Bankers’ Committee.

virtually monitored meeting in Lagos.

According to the director of the banking supervision department of the CBN, Mr. Haruna Mustapha, who briefed the press alongside Fidelity Bank Managing Directors, Ms. Nneka Onyeali-Ikpe; Wema Bank; Ademola Adebise; Guaranty Trust Bank, Miriam Olusanya, and Sterling Bank, Abubakar Suleiman, discussions at the meeting focused on payment system and infrastructure; RT 200 policy and financial literacy with the overarching goal of benefiting the economy.

Regarding the disbursement of the rebate, Ms Onyeali-Ikpe said the incentives of 3.5 billion naira had been disbursed. to the 150 successful exporters who offshored finished and semi-finished items during the quarter and were able to put their $60 million back into the economy and in return were rewarded with the remittance of 65 naira per dollar as promised, while Plateau State was the only sub-national to qualify for the discount of 35 naira per dollar and single-digit long-term financing.

Giving the e-Naira update, Ms Olusanya explained that the Central Bank Digital Currency (CBDC) has seen 756,000 downloads and secured 165,000 consumer wallets and 2,800 merchant wallets, while plans are in the works. underway to onboard the unbanked through the USSD platform. She added that banks have been pushing digital currency to their customers and will continue to do so.

Regarding the Quick Response (QR) code, Adebise revealed that he was accepted into 175 countries, while Suleiman said bankers were worried about the large resignation of professionals, especially software engineers, from the sector. He added that the committee of bankers has decided to seek the collaboration of the Chartered Institute of Bankers of Nigeria (CIBN) to train professionals in the sector, to ensure that the sector does not lack competent hands, saying that the committee will fund the initiative.

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