Saturday, August 4, 2018
NEXIM Approves N25b Loan For Nigerian Non-Oil Exporters
The Nigerian Export-Import Bank (NEXIM) has approved the disbursement of loans totaling about N25billion in support of various projects in the non-oil export sector.
According to its Managing Director, Abba Bello, this follows the review of applications under the Export Development Fund (EDF) at the meeting of the Board of Directors of the bank held last Thursday. He explained that the beneficiaries included exporters of agricultural and value-added products, who submitted applications for stocking facilities and working capital to enable them execute their export contracts. “These projects, which are distributed across the country with nation-wide impact, cut across various sectors/industries including Cocoa, Cashew, Sesame Seed, Gum Arabic and Leather products.