The
Executive Director, NEXIM Bank, Mrs.
Stella Okotete, said if the business owners in the state were ready, the
bank too was ready to give out the entire N500bn to them for the promotion of
their export business.
Okotete
stated this at a meeting by the management of the bank with the stakeholders in
Akure, the state capital, adding that the loan was part of the efforts of the
Federal Government to encourage exportation of goods and services made in
Nigeria.
According
to the NEXIM Bank director, under the lender’s new management, it now takes
about 23 days to finalise the loan process. She explained that the bank could
advance a minimum of N50m and a maximum of N100m to any interested business
owner.
She said,
“We are concentrating more on export than import; we
only assist to drive export in this country. The interest rate is between five
and nine per cent. Hopefully, we will still come down more on the interest rate
when our creditors pay back the facilities.
“Some creditors in Ondo are yet to pay back; we want to appeal to
them to pay back; we don’t want people to see these facilities as national
cakes. They should pay back so as to let others have the opportunity to assess
the facilities.”
In his
remarks, a Senior Special Adviser to the Ondo State Governor, Mr. Akin Olotu, said the government had
been encouraging cocoa farming, production and exportation. According to him,
the state has commenced massive planting of new cocoa seedlings, starting with 500,000,
with the hope to hit one million seedlings. (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
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