AVIA CARGO: NEXIM Bank Pledges to assist Agro-Exporters in facilitating eport processes

Oru Leonard 

The Nigerian Export- Import Promotion Bank has pledged to assist Nigerian agro-exporters in facilitating the processes of export by providing the needed financial instrument in a bid to increase the volume of agro-produce exports within Nigeria and to other international markets.

The Managing Director, NEXIM Bank, Abba Bello, disclosed this during a tour of the North Central Airports in Nigeria and the Aviacargo Cargo Committee to the bank’s headquarters on Tuesday in Abuja.

According to him, the bank is willing to assist Nigerian local carriers to build capacity in the area of agro-product export and also suggested that the country’s domestic airlines can also look at expanding their operations to other countries to earn the needed foreign exchange.

He said, “We promote the export of Nigerian produce commodities and even manufactured goods to global markets, such as the regional and continental markets. That has become more emphasized with the operationalization of the African Continental Free Trade Zone Area. Our promotion is not about finding markets or facilitating the trade of Nigerian commodities by doing trade fairs. Our role is to provide financing and financial instruments that will promote the export of Nigerian goods.

“So, we use different products for different kinds of trade. So, we also do financing using currency, both local and foreign currency. The aim is that when exporters want to do their export, there should be finance for them. That is the responsibility of NEXIM Bank.

“Beyond that, we also have a small but important role in facilitating export, despite the fact that we are a bank, as a development bank, our job is not only to give finance, we also do other things that either promote positively or deal with the challenges to export.