Wema Bank convened its first physical Importer-Exporter Forum in Lagos, themed “Building A Symbiotic Trade Ecosystem For Effective Trade Decisions.” The event brought together importers, exporters, aspiring international traders, and regulatory bodies to address trade challenges and provide tailored solutions.
One highlight of the forum was the launch of the Wema Export Trade Academy, a virtual educational platform designed to nurture international trade enthusiasts. This initiative aims to equip individuals with the necessary resources and knowledge to navigate international trade, from product identification to accessing funding facilities.
Managing Director of Wema Bank, Moruf Oseni, emphasized the bank’s commitment to providing innovative solutions for businesses. He expressed the goal of creating a new generation of trade champions to position Nigeria prominently in the global trade arena.
Dr. Mahmud Hassan, Director of the Central Bank of Nigeria’s Trade and Exchange Department, shed light on the CBN’s role in international trade and the management of monetary challenges. He highlighted the importance of synergy between physical and monetary authorities in ensuring effective trade, emphasizing the CBN’s focus on price stability and maintaining the country’s external reserve.
The forum aimed to generate policy options to improve foreign exchange earnings and enhance Nigeria’s trade landscape.
