June 28, 2017

NEXIM EARNS $1.3B FOREX, AS EXPORTERS GET 92.5B

NEXIM EARNS $1.3B FOREX, AS EXPORTERS GET 92.5B

The Nigerian Export Import Bank (NEXIM) said it had disbursed about N92.5 billion as loans to exporters since its inception in 1991 and had generated about $1.3 billion in foreign exchange earnings for the country during the period.NEXIM

 

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Managing Director of the bank, Roberts Orya, stated this in Sokoto at the opening of a two-day Exporter Enlightenment Forum organized by the bank’s entrepreneurs in the North-West zone.

The theme of the forum is “Promoting Socio-Economic Stability through the Development of Non-Oil Export Sector.”

Orya, who was represented by NEXIM’s Executive Director, Corporate Services, Bashir Wali, said Nigeria’s overdependence on crude had remained a limiting factor to its development and had also exposed the country to the vagaries of the external markets.

Read more here.

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