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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