Nigeria's Non-oil Export Revenues Rose To $5.6 Billion In 2022, According To Emefiele
According to the Central Bank of Nigeria, the country's non-oil export revenue climbed by 40% from the end of 2021 to the end of 2022, reaching $5.6 billion.
This information was revealed at Lagos' third bi-annual non-oil export summit by CBN Governor Godwin Emefiele.
Emefiele claimed that the program had been a major success for the economy of the nation in his explanation of the "RT200: Challenges and Prospects to Success."
He pointed out that Nigeria's desire to transition away from an oil-based economy is consistent with the emphasis on non-oil exports.
The RT200FX program was launched on February 10, 2022, with an aim of $200 billion in foreign exchange profits over the following three to five years.
"Available data shows that repatriation due to the programme increased by 40% from $3 billion in 2021 to $5.6 billion at the end of 2022", he said.
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