OVERVIEW OF NEXIM’S FUNDING INTERVENTION/OPERATION
- In furtherance of its mandate, the Bank supports activities that facilitate stimulation and development of non-traditional value-added exports as part of measures to enhance job creation and shore up the country’s foreign exchange earnings. The Bank had since inception to date disbursed aggregate credit facilities of over N60 Billion and US$273 million to over 400 beneficiary projects including 150 industrial projects. Also, the Bank has over the years purveyed funding through 52 Participating Banks.
- Based on its operational mandate, the Bank’s financial interventions to the various productive sectors of the economy from inception were variously for export facilitation and development that enhanced industrial capacity development, agro processing capacities and value added mining activities as well as technology up-gradation, among others.
Export Support Services
- Business and Financial Advisory Services: NEXIM offers export and general business advisory services to existing and potential clients of the Bank. Through this service, NEXIM sources Lines of Credit (LOC) for qualified projects in Nigeria from multilateral institutions (such as the African Export Import Bank), Export Credit Agencies and other financial institutions. It also arranges loan and/or guarantee syndications with other financial institutions for specific projects.
- Trade and Market Information: To enhance the profitability of export transactions, the Bank also provide trade and market information and advice on export import markets, products, pricing, etc. based on enquires received.
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