The Nigerian Export-Import Bank (NEXIM) has announced the disbursement of over ₦420 billion to support non-oil exporters across the country, a move that has directly contributed to the creation of more than 12,000 jobs, according to figures released by the bank.
The funds were disbursed under various intervention schemes aimed at enhancing the competitiveness of Nigerian products in international markets and diversifying the nation’s export base beyond crude oil.
Speaking at a stakeholders’ engagement in Abuja on Tuesday, the Managing Director/CEO of NEXIM Bank, Abba Bello, said the financial support covered sectors such as agro-processing, manufacturing, solid minerals, and creative industries.
“Our interventions have not only improved access to capital for exporters but have also contributed significantly to employment generation and economic growth,” Bello noted.
According to him, the bank has supported over 1,000 export-oriented businesses, with beneficiaries spanning the six geopolitical zones, reinforcing the institution’s commitment to inclusive economic development.
In addition to direct job creation, NEXIM Bank revealed that its funding had led to increased foreign exchange earnings and the expansion of value-added exports, helping reduce Nigeria’s dependence on oil revenues.
“By facilitating access to export finance, we’re strengthening Nigeria’s capacity to compete in the global market and meeting our national goals on job creation and industrialisation,” Bello added.
Analysts have praised the bank’s impact, highlighting its role in supporting small and medium-scale enterprises (SMEs) that often struggle to access credit from commercial banks.
The disbursement forms part of the broader government agenda to deepen the non-oil sector and position Nigeria as a hub for value-added exports in Africa, especially in light of the African Continental Free Trade Agreement (AfCFTA).
NEXIM Bank also announced plans to scale up its digital platforms for loan processing and exporter registration, promising faster access to funds and improved transparency.
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