Sunday, 29 July 2018

NEXIM BANK APPROVES N25BN LOAN FOR NON-OIL EXPORTERS

The Nigerian Export-Import Bank has given approval for the disbursement of the sum of N25bn to exporters in the non-oil sector. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html

The move is part of efforts aimed at stimulating the non-oil sector to become a major foreign exchange earner for the country.

The development was confirmed by the Managing Director, NEXIM Bank, Mr. Abba Bello, on Thursday in Abuja. He said the approval of the N25bn facility followed a review of various applications under the Export Development Fund. The review, according to him, was done at a meeting of the Board of Directors held a few days ago in Abuja.

Hmmm!!! Folks, let us say the truth and shame the devil. Many Nigerian non-oil products exporters have been defrauded of huge amount of money in the process of exporting agricultural commodities and solid minerals 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, would you like to keep on being scammed? Why don’t you get a practical manual that explains the stages of export trade from processing and packaging of commodities to receipt of payment by the foreign buyers? It explains export operations, export management, export documentations and methods of payment in export trade? Yes, 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:

Bello said the N25bn loan approved for non-oil exporters was expected to support about 15,000 direct and indirect jobs, and facilitate foreign exchange inflow of about $100m from non-oil exports.

The NEXIM Bank boss explained that the facility would be disbursed to exporters of agricultural and value-added products, who submitted applications for working capital to enable them execute their export contracts. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html

The projects, he noted, were distributed across the country and would have a significant impact on the economy particularly in the area of job creation and poverty reduction. Some of the products that would benefit from the loan are cocoa, cashew, sesame seed, gum Arabic and leather.

He added, “It is expected that disbursement will commence immediately to maximise the benefits of the export season towards achieving the economic diversification objectives of the administration of President Muhammadu Buhari under the Economic Recovery and Growth Plan.”

The Central Bank of Nigeria established the N50bn Export Development Fund to be disbursed at single digit, which is currently being managed by NEXIM. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html

Following the inauguration of the new board in March, the Minister of Finance had charged the members to hit the ground running to ensure that the institution achieved its mandate of diversifying the foreign exchange earnings of the Nigerian economy. (Punch)

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:

Hmmm!!! Folks, have you ever imagined how the financial status of your firm will be when more than 20,000 CEOs and other key decision makers of blue-chip corporations pay for your products and services or even give you very juicy deals. The link below will tell you more: http://www.tectono-business.com/2015/07/tectono-business-review-in-conjunction_21.html