The first disbursement of rebate to exporters under the RT 200 policy of the Central Bank of Nigeria (CBN) commences this week just as the initiative has been adjudged as yielding expected outcomes.
According to the CBN Governor, Mr Godwin Emefiele, who disclosed this while giving update on the initiative during the InfraCorp term sheet signing with the independent asset managers in Lagos on Friday, the payment is to encourage other exporters that the era of delay in rebate disbursement is gone forever.
“You will recall that we effectively started in March. As I have said that, by latest the first or second week after the end of a quarter, in this case, [first quarter which ended by March 31st, 2022], latest by around 14, we will issue cheque to make payment to all those who have exported and their proceeds have come in and they sold them to the rebate window for the good of other people that want to use them to import other goods and services into the country”, he said.
