Nigeria AFREXIM bank sign $1 billion facility for export promotion program

The Federal Government and African Export-Import Bank (AFREXIM) has signed a $1 billion facility export promotion programme, to Target an acceleration of Nigeria’s non-oil export within Africa. The facility comes with a total projection of $25 billion inflow within a short period of time.

At the signing of the Memorandum of Understanding (MoU) at the ongoing Intra-African trade fair in Cairo, Egypt on Thursday, December 13, 2018, the Vice President of Nigeria, Prof. Yemi Osinbajo said that it the facility would ensure the successful establishment of the African Common Market, which is good for African trade”.

Nigeria places a high premium on the economic integration of the Continent and recognizes trade as a veritable tool ‘towards the Africa we all want’: an industrialized, prosperous and peaceful Africa where we generate enough opportunities to accommodate the growing numbers of our peoples.