What is NEXIMs mandate and how has the bank contributed to the growth of the economy ?
Our mandate is to stimulate exports in the country. The bank is chartered to do three basic things. First, we are to finance export of goods and services out of this country. Secondly, we are to carry out some risk-bearing facilities, for example, credit guarantees, credit insurance and thirdly, we are to educate, guide and develop exporters. Those are the three mandates we have. On what NEXIM’s contribution has been to the growth of the economy over time, the bank would be ten this year and over these years, NEXIM has financed at least 93 projects of which, at least, 48 are functioning factories spread all over the country and covering a minimum of eleven basic areas, from ordinary cocoa processing to seed extraction for oil, marble, kaolin and leather products. So, I strongly believe that NEXIM has contributed to the development of the economy. The bank has also facilitated the direct inflow of hard currency at cheaper price than the Central Bank of Nigeria (CBN) is selling the dolla
