NEXIM Bank collaborates with U.S. EXIM Bank to Deepen Collaboration and Unlock Trade Opportunities Between the United States and Nigeria

The partnership is set to enhance economic prosperity by supporting various sectors, including climate and sustainability, infrastructure, technology, and opportunities for small and women-owned businesses. The collaboration will leverage the strengths of both institutions to foster stronger commercial relationships and bolster the economies of both nations.

In his speech, the MD/CE of NEXIM Bank, Mr. Abba Bello stressed that the partnership is a significant milestone for Nigeria and the US and further stated that it will provide increased access to trade financing for Nigerian and U.S. businesses whilst facilitating smoother and more robust trade flows.

He also emphasized that through this collaboration, focused support will be given to critical sectors such as climate and sustainability, infrastructure development, and technology, thereby providing opportunities for innovations in the export sector.

The MD/CE NEXIM in his closing remarks stated, “This collaboration marks a significant milestone in our efforts to strengthen trade ties between Nigeria and the United States. We are confident that this partnership will open new avenues for economic growth and development”.

The President and Chairman US EXIM Bank, Reta Jo Lewis, in her response said that the US EXIM is excited to work with NEXIM to unlock the vast potential of trade between the two countries. This partnership she said will not only benefit businesses but also contribute to the overall economic prosperity of both nations.”