Nigerian Export-Import Bank (NEXIM) has entered into a strategic partnership with Fidelity Bank Plc and Sapphital Learning Limited to enhance Nigeria’s foreign exchange earnings.
Through this collaboration, NEXIM aims to enhance the capabilities and performance of Nigerian export businesses. This will be achieved by utilizing the NEXIM Export Academy, an online platform that offers exporters capacity-building training and access to financing to expand their operations.
The partnership emphasizes the importance of the NEXA platform, which was launched in 2022 with the support of Sapphital, in empowering numerous businesses with the necessary resources for successful export activities, improved quality control, and competitive positioning in the global market.
The platform’s objective is to stimulate the growth of non-oil exports and foreign exchange by fostering collaboration among all stakeholders in the value chain, facilitating learning, enhancing quality, and promoting intra-African and global trade.
During the signing ceremony of the Memorandum of Understanding in Abuja, Abba Bello, the Managing Director of NEXIM, highlighted the bank’s intention to raise awareness about export opportunities for both large and small businesses, emphasizing that export and import activities are no longer exclusive to major companies.
The bank aims to provide entrepreneurs with knowledge about processes, documentation, and compliance requirements related to export and import activities.
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