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:
No comments:
Post a Comment