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The Nigeria Import Export Bank (NEXIM) is implementing N500 billion Non-oil Export Stimulation Facility and N100 billion Export Development Fund at single digit interest rate to support the production and export of goods and services.
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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.