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Two Funding Tools To Reset Nigeria’s Export Financing Policy, By Chinedu Moghalu
5 min read
In due course, Nigeria will be a veritable case study for effective development financing because of this policy response that the CBN and NEXIM Bank have commenced.
As the steep decline in global oil prices continues to take its toll on oil exporting countries, international development experts call for national development policies to attenuate the commodity price shocks.
The Central Bank of Nigeria (CBN) is working with Development Finance Institutions (DFIs) to promote structural transformation among some of its policy responses.
The short-term challenges of lower reserve buffers, negative output growth and inflationary pressures have not masked the dynamism of the Nigerian economy, which still remains the largest in Africa by a wide margin. ....

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