Following successful outings in Kano and Akure, Fidelity Bank Plc is set to host businesses in the north central geopolitical zone to a special seminar on opportunities and implementation of the CBN RT200 FX Policy.
Scheduled to hold tomorrow in Jos, Plateau State capital, the session would be facilitated by officials of the bank as well as representatives from key stakeholders in the Nigerian financial services and export industries.
Tasked on what attendees should expect from the seminar, Divisional Head, Export and Agriculture, Fidelity Bank, Isaiah Ndukwe, said: “The new policy will trigger shifts in the business landscape and realignments will be necessary to take advantage of the emerging opportunities.
“We have therefore put this workshop together to sensitize and guide businesses in making more informed decisions towards expanding their export play.”
The new policy will trigger shifts in the business landscape and realignments will be necessary to take advantage of the emerging opportunities.
Launched on February 10, 2022 by the Central Bank of Nigeria (CBN), in effort to reduce the increasing demand for foreign currency by importers, the RT200 FX Programme aims to raise $200billion in foreign exchange earnings in the next three to five years through non-oil exports.
The policy is anchored on the Non-oil Exports Proceeds Repatriation Rebate Scheme, which will incentivize exporters in the non-oil sector to repatriate and sell export proceeds in the FX market to generate sustainable FX inflows, and guide the Nigerian economy against FX shortages and shocks.
“Driven by our vision of establishing exports as a strategic business play given the immense opportunities it bodes for our customers and the nation’s economy, we regularly deploy initiatives such as this in collaboration with forward-thinking organisations.
“This is why we have become the go-to bank for existing and aspiring export businesses,” explained Ndukwe.
Recall that Fidelity Bank hosted the first edition of the workshop in Kano State on February 21, and the second leg on March 14, in Akure, Ondo State capital to encourage adoption of the CBN RT200 FX Policy.
