The Nigerian Export-Import Bank (NEXIM) has shifted its support to women and youth exporters with a seed fund of N10 billion under a new programme coined ‘Women and Youth Export Facility (WAYEF)’.
The bank also announced a partnership with Afreximbank under which $50 million Project Preparation Fund (PPF) would be mobilised for Nigeria.
The objective of the PPF, it said, is to provide technical assistance to small and medium enterprises (SMEs), including those promoted by women and youths towards presenting bankable proposals thereby improving their access to funds.
The Managing Director/Chief Eexecutive Officer of NEXIM Bank, Abubakar Abba Bello, made the revelations in Abuja on March 30, 2021, at the launch of WAYEF.
Vanguard News
NEXIM launches N10b Women & Youth Export fund
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By Emma Ujah, Abuja Bureau Chief
The Nigerian Export-Import Bank (NEXIM) has moved to support women and youth exporters with a seed fund of N10 billion under a new programme coined Women and Youth Export Facility (WAYEF).
The bank also announced a partnership with Afreximbank under which $50 million Project Preparation Fund (PPF) will be mobilised for Nigeria.
The PPF is to provide technical assistance to small and medium enterprises (SMEs), including those promoted by women and youths towards presenting bankable proposals thereby improving their access to funds.
Managing Director of the bank, Mr. Abubakar Bello, who spoke at the launch in Abuja, described empowering women as smart business, owing to the multiplying effects of women’s businesses on their families and the larger society.