The Central Bank of Nigeria (CBN) will, this week, begin the first disbursement of rebate to exporters under its RT 200 policy.
Mr. Godwin Emefiele, governor of the Central Bank, announced this while giving update on the initiative during the InfraCorp term sheet signing with the independent asset managers in Lagos on Friday.
The payment, according to him, 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,” he said.
“As I have said that, by latest the first or second week after the end of a quarter, in this case, 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.”