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Mr. Godwin Emefiele

CBN revamps N500b export stimulation fund

…Repackages PAVE

In its committed efforts to diversify the country’s economy away from oil, in line with the federal government’s economic plan, the Central Bank of Nigeria (CBN) has announced a revamp of the N500 billion Export Stimulation Fund for the promotion of non-oil exports in the country using the Anchor Borrowers’ Programme model.


President Muhammadu Buhari (PMB) should be commended for directing the Minister of Finance, Mrs. Kemi Adeosun and the Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, to immediately release the second tranche of the London-Paris Club refunds to states in order to ease their financial hardships and this has shown that Mr. President is listening to the calls of Nigerians to alleviate their sufferings.

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