Friday, 24 June 2016

NEXIM, CBN Meet With Stakeholders On N550bn Export Funds



In order to work a mutual beneficial relationship on how best to apply the N550 billion budget for export by the Central Bank of Nigeria, The Nigerian Export Import Bank (NEXIM) have held a stakeholders engagement meeting in Lagos, South West Nigeria. The engagement, which centred on the implementation strategy had in attendance stakeholders from both the CBN, NEXIM Bank, Exporters among others.
Addressing the participants,  Bashir M. Wali, AG. Managing Director/Chief Executive, Nigerian Export Import Bank said the aim was to obtain strategic inputs and share perspectives towards achieving the nation’s common objective of diversifying the Nigerian economy as well as improving and broadening the contribution of the non-oil export sector to national development.

The CBN Director of Development Finance, Dr. Mudashir A. Olaitan, said  the fund would support export of goods wholly or partly processed or manufactured in Nigeria; export of commodities and services, which were permissible and excluded under the existing export prohibition list.

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