The Managing Director/Chief Executive, Nigerian Export-Import Bank (NEXIM), Mr. Abba Bello, recently disclosed that it had approved the disbursement of loans valued at about N25 billion in support of various projects in the non-oil export sector. He said the approval followed the review of applications under the Export Development Fund (EDF) at the meeting of the bank’s Board of Directors which was held on July 26, 2018. According to him, beneficiaries of the disbursement included exporters of agricultural and value-added products, who submitted applications for stocking facilities and working capital to enable them to execute their export contracts. In a statement, he added the projects, which were distributed across the country with nation-wide impact, cut across various sectors/industries including Cocoa, Cashew, Sesame Seed, Gum Arabic and Leather products.
Source: Thisdaylive
