Friday, 20 April 2018

EXPORT IMPROVEMENT: NEXIM BANK REITERATES DEDICATION TO CAPACITY BUILDING FOR LOCAL ENTREPRENEURS

export
The Nigerian Export-Import Bank (NEXIM) has re-emphasised its commitment to boosting the export value chain and building local capacity of entrepreneurs to meet export standards in Nigeria.

The Executive Director, Business Development, NEXIM, Ms. Stella Okotete, explained that the financial institution, through its initiatives, would make funds available for operators of Small and Medium Enterprises to improve the quality of their goods to meet international standards.

She said, “NEXIM Bank is ready to partner state governments to achieve the vision of developing industrial projects, improving human capacity and providing financial advisory services to entrepreneurs.

“We have supported some with Export Stimulation Fund in partnership with the Central Bank of Nigeria and the Export Development Fund, which some states can access to encourage entrepreneurs to improve the quality of their goods, to meet international standard.”

Okotete added that the EDF, which was available for the development of capacity for the training of entrepreneurs in the non-oil sector, would be given to women and youth cooperatives to enable them to improve the export value chain.

Meanwhile, the bank had offered funding opportunities like N500 billion ESF in partnership with the CBN and a N50 billion EDF with the Edo State Government, to encourage entrepreneurs in improving the quality of their goods.

Governor Godwin Obaseki of Edo State said, “Nigeria will remain an import dependent country if its effort is not made to improve the quality of goods produced to meet global standards. Effort must be made to produce goods that are competitive.

“If goods are cheaper abroad, it will be better to import, than export. There are a lot of incentives offered by the Federal Government to support exportation. We will go beyond the rhetoric and implement strategies that will encourage export of quality products in a competitive market.” (Point)

Have you heard this? Many Nigerian exporters have been defrauded of huge amount of money in the process of exporting commodities to foreign countries. Do you know why? They were not trained on export operations, management, documentations and the best methods of payment in export trade. This is terrible!!! Nigerians cannot continue to lose money to foreigners in the course of export business. Exporters, why don’t you get a practical manual that teaches the stages of export trade from processing and packaging of commodities to receipt of payment by the foreign buyers. It teaches export operations, export management, export documentations and methods of payment in export trade? It is a contemporary step-by-step guide to export trade. It tells all the contemporary dynamics in export trade. To get it, click on the link below:

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