The Nigerian Export-Import Bank (NEXIM) has announced that it is launching a N10 billion export facility for catering to women and youth to enable them take advantage of international trade opportunities.
This was disclosed by Stella Okotete, Executive Director, Business Development of NEXIM, at the presentation of the Women And Youth Export Facility (WAYEF) by the bank on Tuesday in Abuja.
She added that the WAYEF scheme was launched by the bank to improve the roles played by women and youth in Nigeria’s international trade, and boost export trade participation for the demography, citing that the interest rate under the facility would reduce to 5% by 2022 from the present 9%.