Small and Medium Enterprise Export Facility (SMEEF)

Definition of Small and Medium Enterprises (SME)

For the purpose of this Facility, Small and Medium Enterprises are defined as:

Enterprise Type	Employment	Assets (₦ Million)
Small Enterprises	10-49 Staff	5 - 50
Medium Enterprises	50-199 Staff	50 - 500

Other Yardsticks Include:

• Businesses with turnover of less than N100.0 Million per annum;
• Businesses with Share Capital of less than N5,000,000.

Objectives of the Facility

The objectives of Small and Medium Enterprise Export Facility (SMEEF) are to:

• Improve access of Export-Oriented Small and Medium Enterprises (SMEs), Clusters and Associations to concessionary finance in a bid to expand and diversify the non-oil export basket.
• Attract new investments and encourage re-investments in value-added non-oil exports.
• Incentivize activities and interests of Oriented Small and Medium Enterprises (SMEs), Clusters and Associations to create and sustain more jobs within the non-oil export sector in Nigeria.
• Support Small and Medium Enterprises (SMEs), Clusters and Associations to upgrade and expand export operational capacities and upgrade production systems.
• Diversify and Increase the contribution of non-oil export revenue and value-added exports for sustainable economic development.
• Broaden the scope of export financing instruments and complement other non-oil export financing schemes.
• Increase foreign exchange generation in the Nigerian economy.

Eligible Borrowers/Beneficiaries

• Duly registered Small and Medium Enterprises (SMEs), Clusters and Associations in Nigeria with satisfactory credit reports obtained from at least two (2) RCBN or CBNNC/CIBN registered Credit Bureaus (CRBN).
• Small and Medium Enterprises (SMEs), Clusters and Associations engaged in the production and/or marketing of export goods and services.
• Small and Medium Enterprises (SMEs), Clusters and Associations that trade in relevant export goods (NEPC).
• Small and Medium Enterprises (SMEs), Clusters and Associations that belong to a relevant Commodity Export Association.

Eligible products/Transactions

Eligible Transactions that shall qualify for the support of NEXIM under this Facility include:

• Viable Transactions connected with export of goods wholly or partly manufactured in Nigeria, which are exportable under the rules of Nigeria.
• Export processing exports, principally raw materials, equipment and spare parts required by a manufacturing exporter.
• Transactions that of export promotion packages in support of export companies/agents, supplies, transport, consultants (ICT, Creative, Tourism, etc.) for year round export trade and improved profit margins.
• Transactions of value-added production supported by Status Reports and promoted by Private Sector Companies.
• Anchor Borrower - Type arrangement for exports in collaboration with other cooperating agencies and other commodity based support arrangements.
• Products with regional export potential: export development activities and / or promoted by States as a private sector export enterprise.