Nigeria assures investors of forex repatriation amid dwindling oil revenues

Source: Xinhua| 2020-05-11 06:19:23|Editor: huaxia
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LAGOS, May 10 (Xinhua) -- Nigeria on Sunday assured investors of the safety of their investments in the country despite dwindling revenues from the sale of crude oil globally.

Godwin Emefiele, governor of the Central Bank of Nigeria, who gave the assurance in Abuja, the nation's capital, said the bank had put in place policies to ensure an orderly exit for those that might be interested in doing so.

The apex bank governor said investors interested in repatriating their funds from the country are guaranteed to get their money, notwithstanding the drop in the revenue from crude oil.

Emefiele urged investors to be patient as such repatriations are being processed, owing to the bank's policy of orderly exit of investments.

Recalling a similar situation back in 2015 over declining revenue, the governor said the central bank is able to settle all commitments in an orderly manner. Enditem