The Nigerian Export –Import Bank (NEXIM) has called on export-oriented Small and Medium Entrepreneur in the Southeast and Delta State to access the N500 billion Export Stimulation Facility(ESF), and the N50 billion Export Development Fund being managed by the Bank to boost their businesses, create more jobs, and contribute to the foreign exchange revenue earnings of the country.

Managing director and CEO of NEXIM, Mr Abba Bello, made this call during a one-day seminar on “leveraging NEXIM Bank Facilities   to Unleash Your Export Potential.” organized by the Bank and the SME Centre, Enugu. The facilities were made available to NEXIM Bank last December and will lend at a maximum of 9 per cent interest rate.

The funds were designed to redress the declining export credit to SMEs and reposition the non-oil sector to increase its contribution to the country’s revenue generation and economic development. The improved export financing for non-oil exporters will enable them to upscale and expand their businesses and improve their competiveness……. Continue

Source: Leadership

Page: 29

Date: 15th February, 2018