2019-06-14 | FPR/DIR/GEN/CIR/07/030

Circular to all Banks on the Commencement of the Export Facilitation Initiative (EFI)

The Bankers' Committee has approved the Export Facilitation Initiative (EFI) to support the non-oil sector of the Nigerian economy and promote foreign earnings and employment. The initiative will focus on value chain development for commodities such as cashew, cocoa, palm oil, sesame seed, and shea, with funding provided through existing schemes such as AGSMEIS, NESF, and RSSF-DCRR. The Central Bank of Nigeria will release detailed operational requirements for the EFI in the future.

Nigeria

Central Bank of Nigeria

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