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To increase non-oil revenue generation, CBN paid exporters N81 billion.

Nigeria’s diligent exporters received a refund of N81 billion, according to Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), in an effort to increase the country’s non-oil income output.

Emefiele disclosed this information on Tuesday at the BI-annual RT-200 Non-Export Summit in Lagos, which Naijanowell was there to cover.


the highest bank The governor requested cooperation from the federal ministry of commerce and investment to enhance Nigeria’s export sector growth.


Emefiele advised Nigerian exporters to keep raising the quality of their goods in order to take advantage of the CBN export program.


According to him, a more sustainable way to boost money flows into the Nigerian economy and promote fast development is via non-oil export.


Additionally, the diligent Nigerian exporters received reimbursements from the Central Bank of Nigeria (CBN) totaling roughly N81 billion. The N21 billion could be seen being paid over two quarters.


“We want to work with the Ministry of Trade and Investment to enhance the industry so that exporters will be motivated to perform better and get refunds.


This N81 billion that we have already paid is evidence of the CBN’s determination to enable a rapid acceleration of the export value chain in the Country.

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