Produce, Add Value and Export (PAVE)

Overview

The Produce, Add Value and Export (PAVE) philosophy is the strategic foundation that guides the Nigerian Export-Import Bank (NEXIM) in delivering on its mandate to diversify Nigeria's economy through sustainable non-oil exports.

PAVE represents a holistic value-chain approach focused on building competitive domestic production capacity, driving industrialisation through value addition, and positioning Nigerian products for success in the global export market.

Through PAVE, NEXIM is strengthening Nigeria's journey from a raw material-based economy to a value-driven export economy, anchored on productivity, industrial growth, job creation, and foreign exchange earnings.

PILLARS

Framework pillars

Produce. Add Value. Export.

A clear, three-step pathway that keeps focus on execution while we support businesses end-to-end.

Produce

PRODUCE – Strengthening Nigeria's Production Base

The "Produce" pillar of PAVE focuses on expanding Nigeria's capacity to produce exportable goods in sufficient quantity and quality to meet both local industrial demand and international market standards.

NEXIM supports producers across key sectors such as:

  • Agriculture and agro-processing
  • Manufacturing and light industry
  • Solid minerals
  • Creative and service-based exports
  • Small and Medium Enterprises (SMEs)

Support under this stage includes:

  • Production and working capital financing
  • Equipment and machinery financing
  • Technical support and advisory services
  • Capacity building for quality and compliance

Objective:
To ensure Nigeria has a strong, consistent, and competitive production base that feeds both local industries and export markets with high-quality raw and semi-processed materials.

Add Value

ADD VALUE – Driving Industrialisation and Manufacturing

The "Add Value" stage is the industrial backbone of the PAVE philosophy. NEXIM actively promotes the processing, refining, packaging, and manufacturing of locally produced raw materials, rather than exporting them in their unprocessed form.

This approach:

  • Increases the economic value of Nigerian products
  • Expands domestic manufacturing capacity
  • Promotes technology adoption
  • Deepens local supply chains
  • Creates sustainable jobs

Examples of value addition supported under PAVE include:

  • Cocoa into butter, powder, and chocolate
  • Cashew into processed and packaged kernels
  • Cotton into textiles and garments
  • Solid minerals into refined industrial inputs

NEXIM supports this stage through:

  • Medium to long-term industrial financing
  • Export manufacturing facilities
  • Equipment and plant expansion support
  • Structured trade finance instruments

Objective:
To transform Nigeria from a raw material exporter into a manufacturing and processing hub, capable of producing internationally competitive finished and semi-finished goods.

Export

EXPORT – Connecting Nigeria to Global Markets

The "Export" stage ensures that value-added Nigerian products reach international markets efficiently, competitively, and sustainably. NEXIM provides exporters with the financial and technical tools required to scale their global footprint.

Export support includes:

  • Export development and post-shipment financing
  • Export credit guarantees and insurance
  • Trade advisory and structuring services
  • Market access facilitation
  • Cross-border trade support

This stage enhances:

  • Access to foreign exchange
  • Nigeria's trade balance
  • Global visibility of Nigerian products
  • Participation in regional and global value chains

Objective:
To position Nigeria as a leading exporter of high-quality non-oil products while increasing foreign exchange inflows and strengthening the country's global trade competitiveness.

Benefits

Benefits of PAVE

Why the framework matters for export-focused businesses.

Why the PAVE Philosophy Matters

The PAVE model is central to NEXIM Bank's role in national economic development. It directly supports:

  • Economic diversification beyond oil
  • Job creation and enterprise growth
  • Industrial development and local content promotion
  • Increased non-oil export earnings
  • Improved balance of trade
  • Growth of MSMEs and export-oriented industries

By integrating production, manufacturing, and export under a unified framework, PAVE ensures that value is retained within the Nigerian economy at every stage of the export chain.

How NEXIM Helps

NEXIM's Commitment Through PAVE

NEXIM Bank remains fully committed to:

  • Financing export-oriented production and manufacturing
  • Supporting industrial value chains
  • Reducing export financing gaps
  • Enhancing the global competitiveness of Nigerian products
  • Building strong public-private sector export partnerships

Through the Produce, Add Value and Export (PAVE) philosophy, NEXIM is enabling Nigerian businesses to move from local production to global impact, positioning non-oil exports as a key driver of sustainable national development.

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