NEXIM Bank disburses over N70 bn to small, medium enterprises

The Nigerian Export-Import Bank (NEXIM) has disbursed over N70 billion to support over 900 export projects in the real sector of the economy since its inception in 1991. Alhaji Bashir Wali, an Executive Director in the bank, disclosed this in Kano on Thursday at an Exporter Enlightenment Forum organised by the bank for the North-West Zone. The forum had the theme “Developing the Nigerian Non-Oil Export Sector through Customised Solutions”.
The director said that an additional 322 million dollars was also disbursed to small and medium-scale entrepreneurs during the period. He said that the efforts had created and sustained over 300, 000 jobs and generated more than one billion dollars in foreign exchange earnings for the country. “Since our appointment in 2009, the executive management has taken steps towards resolving the challenges facing the institution”. The steps taken include major strategic repositioning exercise aimed at significantly transforming the operations of the Bank,” he said.