The Director, Trade and Exchange Department of the CBN, Dr. Hassan Mahmud, made this known in a circular.
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The hypotheses have often centred around crude oil, agriculture, revenues, private capital, bubbling stock market, stable security, low unemployment rate, high standard of living amongst others.
The apex bank disclosed this in a circular signed by the Director, Trade and Exchange Department, CBN, Saleh Jibrin, titled: “Re: Introduction of the CBN’s “Naira 4 Dollar Scheme’’, for Diaspora Remittances.”
The incentive, tagged “Naira 4 Dollar Scheme”, was announced in a circular signed by Saleh Jibrin, CBN ‘s Director, Trade and Exchange Department.