The newly-appointed ED/CE of the Nigerian Export Promotion Council (NEPC), Mr. Olusegun Awolowo, recently paid a courtesy call on the Managing D/CEO of the Nigerian Export-Import Bank (NEXIM) at the bank’s headquarters in Abuja, to discuss areas of possible collaboration and synergy. The visit would be the first of such courtesy calls by Awolowo since he was appointed to the position by Mr. President last December. Welcoming his counterpart to the bank, Mr. Robert Orya thanked Awolowo and his team for taking the initial collaborative step, noting that NEPC and NEXIM Bank were the principal agencies of government responsible for the promotion of non-oil exports. Orya further informed Awolowo that the Bank is developing the ECOWAS and other Africa regional markets as the traditional market for Nigerian exporters, to provide a strong platform for exporters to venture into the more complex markets of Asia and other developed economies in line with the strategy in other jurisdictions where the EXIM Banks first developed their regional market. Towards developing the ECOWAS market, NEXIM had earlier launched the ECOWAS Trade Support Facility (ETSF) to reduce the level of informal trade and encourage the small scale exporters to use the banking system to leverage their operations. Awolowo said he has great confidence in the country’s ability to meet her development goals and commended the initiatives of NEXIM in enhancing the level of formal trade, noting that the study conducted by NEPC revealed that informal trade annually was about $12bn, far more than the formal trade valued at $3 billion. wHe promised that NEPC would work closely with NEXIM to improve the level of trade flows and also improve the trade statistics.
ILE-IFE is an ancient Yoruba town in South-Western Nigeria which has been in existence since 600 BC. The town is located in the present day Osun State, about 218 kilometres northeast of Lagos State. â€œIle-Ife is an agrarian community whose inhabitants are largely peasant farmers athough most of its indigenes are playing important roles in […]
AREWA leaders have blamed the political and social predicament facing the region on the failure of the Federal Government to improve the welfare of the people and also guarantee freedom and rights of citizens, saying that this has accounted for the current state of siege in the North. The buck-passing arising from the dwindling political […]
The Plateau State Police Command has dismissed a police corporal, Damudu Bzibu, who was accused of raping a four-year-old girl. Bzibu, with force number, 378612, was a riot police man attached to the Special Task Force (STF) on security in Jos, when he, on March 26, at Kassa in Barkin Ladi Local Government Area, the […]