Non-oil exports 6% contribution pushes CBN to float N550bn stimulation fund

Non-oil exports 6% contribution pushes CBN to float N550bn stimulation fund

The dismal performance of the non-oil export has pushed Nigeria’s central bank to float N550 billion export funds to spike the sector and ensure it repatriates foreign exchange to the economy. Non-oil export contributed only 6 percent to the total export between 2009 and 2015, according to CBN and NEXIM Bank figures. This means the…

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