Abubakar Bello, Managing Director of the Nigerian Export-Import Bank (NEXIM), reiterated the bank’s dedication to empowering businesses of all sizes to engage in the export sector. Speaking at a recent event in Lagos, Bello emphasized NEXIM’s commitment to facilitating easy access to export finance.
“We are particularly enthusiastic about doing business with individuals, nano, and small businesses,” Bello stated. He emphasized that NEXIM is prepared to provide funding access to individuals or businesses without discrimination, stressing that accessing finance is straightforward for serious individuals or businesses.
Bello highlighted NEXIM’s focus on development rather than profitability, expressing readiness to provide funding access without discrimination. He underscored the bank’s role in encouraging exports and enabling individuals to generate foreign exchange for themselves.
Moreover, the emphasis on non-oil exports aligns with Nigeria’s economic objectives of diversifying away from oil dependence. Bello emphasized NEXIM’s support for new entrants, especially small and medium-sized enterprises, in the export sector to drive economic growth in emerging sectors.
Aliyu Sheriff, Special Adviser on Export Expansion to Nigeria’s President, emphasized the importance of prioritizing domestic production value for locally manufactured goods. He stressed the need for Nigeria to ensure that products made in the country are recognized for their quality and competitiveness globally.
