NEXIM Invites Smes in South-East, Delta States to Access Funds

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Enterprise Television-NEXIM Invites Smes in South-East, Delta States to Access Funds

The Nigerian Export-Import Bank (NEXIM) has invited export-oriented Small and Medium Entrepreneurs (SMEs) in the South-East and Delta States to access the N500 billion Export Stimulation Facility (ESF) and the N50 billion Export Development Fund to boost their businesses, create jobs, and contribute to the foreign exchange revenue earnings of the country.

Managing Director/CEO of NEXIM, Mr. Abba Bello, made the call, at a one-day seminar on Leveraging NEXIM Bank Facilities to Unleash Export Potential, organised by the bank and SME Centre in Enugu.

The Head of Bank’s Enugu Regional Office, Mr. Chinedu Moghalu, who represented the MD, said the funds are made available to NEXIM by CBN at a time the bank had decentralized its operations to all the regions of the country for easier accessibility of its products and services to maximum impact.

He noted that the overall aim of the ESF and EDF is to lower the costs of Nigerian exporters so that their products can be priced at a level where they can compete with other products around the world.

The improved export financing for non-oil exporters is to enable them to upscale and expand their businesses and improve their competiveness.