3 weeks ago
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The managing manager of the Nigerian Export-Import Bank (NEXIM), Abba Bello, has disclosed that the Bank volition soon commence the on-boarding of its tiny and mean endeavor (SME) clients connected the African Trade Gateway (ATG) arsenic portion of efforts to heighten their marketplace access, fortify outgo systems, and deepen intra-African trade.
Bello made this known connected Wednesday successful Abuja during the SME Export Finance Sensitization Forum (EXCEL Programme)—the Abuja variation jointly organised by NEXIM Bank and the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) nether its Sustainable and Inclusive Economic Development (SEDIN) Programme.
The NEXIM Bank brag said the determination aligned with the bank’s ongoing thrust to presumption Nigerian MSMEs for competitiveness nether the African Continental Free Trade Area (AfCFTA), stressing that entree to markets and concern stay captious to unlocking the country’s non-oil export potential.
“We are getting acceptable to statesman the on-boarding of our SME clients connected the African Trade Gateway (ATG) to heighten their marketplace access, amended outgo systems and deepen intra-Africa trade,” Bello stated.
He explained that the EXCEL Programme was conceived to code long-standing challenges facing Nigerian MSMEs—particularly constricted entree to finance, infrastructure deficits, and regulatory bottlenecks that person constrained their capableness to export competitively.
According to him, the inaugural seeks to place and enactment export-ready MSME clusters crossed Nigeria done a structured, digitally enabled model that combines training, advisory support, and tailored financing instruments.
“The EXCEL Programme is simply a strategical inaugural designed to place and enactment export-ready MSME clusters crossed Nigeria. Through targeted grooming and entree to tailored fiscal products, we are empowering MSMEs to standard and vie efficaciously successful planetary markets,” helium said.
Bello highlighted the value of MSMEs to Nigeria’s economy, noting that the state is location to implicit 41 cardinal MSMEs, representing 96.9 per cent of registered businesses, contributing 48 per cent to GDP, and employing implicit 87 per cent of the workforce. Despite these contributions, helium said much than fractional of MSMEs look terrible financing gaps that hinder maturation and export readiness.
“Globally, export financing is simply a cardinal operator of economical growth, yet Nigeria’s exports of goods and services relationship for lone astir 7.64 percent of GDP. This underscores the immense untapped imaginable wrong our MSME export sector,” helium added.
The NEXIM Bank main besides highlighted the bank’s scope of financing and integer solutions, including the SME Export Facility (SMEEF), Women and Youth Export Facility (WAYEF), and the NEXA integer platform, which supply MSMEs with entree to export financing, commercialized information, and fiscal absorption tools.
Commending the concern with GIZ, Bello noted that the collaboration reflects a shared imaginativeness for inclusive economical maturation and backstage assemblage resilience.
“Our concern with GIZ is built connected shared values and a committedness to inclusive growth. Together, we are laying the instauration for a much resilient and competitory export ecosystem,” helium said.
Dr. Didier Djoumessi who represented GIZ Nigeria astatine the lawsuit commended NEXIM Bank’s enactment successful promoting non-oil exports and strengthening MSME competitiveness. He described the sensitization bid arsenic a applicable objection of some institutions’ shared committedness to supporting tiny businesses with the capableness and resources to thrive successful planetary markets.
“Under the enactment of Abba Bello, NEXIM Bank has continued to champion Nigeria’s non-oil export agenda. We astatine GIZ Nigeria are pleased to enactment this important inaugural and to collaborate with NEXIM successful advancing opportunities for MSMEs,” helium said.
Djoumesai revealed that the sensitization bid would proceed successful Edo, Plateau, and Lagos States successful the coming weeks, targeting MSME clusters crossed cardinal economical regions.
He explained that the SEDIN Programme, nether which GIZ’s concern with NEXIM is anchored, focuses connected 5 cardinal components: Access to Finance, Access to Markets, Business Enabling Environment, Infrastructure, and Entrepreneurship Ecosystem — each aimed astatine creating decent employment and sustainable economical improvement successful Nigeria.
“With the close operation of finance, capableness building, and marketplace access, Nigeria’s MSMEs tin prehend opportunities nether the AfCFTA and beyond,” Djoumesai said.
He noted that GIZ, which has operated successful Nigeria for implicit 5 decades connected behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ), remains committed to promoting inclusive economical maturation done partnerships that stre...
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