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Forex Remittances Tax Force to Report Directly to Cardoso

EconomyFoot Print by EconomyFoot Print
April 21, 2024
in Finance | Insurance | Pension, Top News
Reading Time: 1 min read
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Cardoso Rolls Up Sleeves, Begins CBN Cleansing
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By Chris Agabi

The Central Bank of Nigeria (CBN) tax force on doubling dorex remittances into Nigeria will report directly to the Governor of the CBN, Dr. Yemi Cardoso.
He gave the indication a press briefing at the conclusion of the World Bank/IMF Spring Meetings in Washington, DC on Saturday.
Recall the CBN agreed with International Money Transfer Operators (IMTOs) to set up a Collaborative Task Force to double remittance inflows into Nigeria.
World Bank data show that Nigeria’s average remittance ls inflow is around $20.5 billion. CBN is seeking to double this to boost dollar supplies.

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