NEXIM, Fidelity Bank partner on export

The Nigerian Export-Import Bank has announced a strategic partnership with Fidelity Bank Plc and Sapphital Learning Limited as part of efforts to boost Nigeria’s foreign exchange earnings.

A statement said the partnership would help improve the skills and performance of export businesses in Nigeria by leveraging the NEXIM Export Academy, an online platform that provides exporters with capacity-building training and access to finance to scale their business.

It stated that the NEXA platform which was launched with the support of Sapphital (a digital learning institute) in 2022, was designed to empower millions of businesses with resources needed to run successful export operations, perform at higher levels of quality control, and compete favourably in the global market.

The platform aimed to drive the growth of non-oil exports and foreign exchange by connecting all the stakeholders along the value chain to enhance learning, improve quality, and grow intra-African and global trade.

Speaking during the Memorandum of Understanding signing ceremony in Abuja, the Managing Director, NEXIM, Mr Abba Bello, stated that “Part of the awareness the bank seeks to drive was to make people appreciate the fact and come to the knowledge that export is not only for big companies especially now that small manufacturers or traders can trade across borders.

“We seek to drive the knowledge that will help entrepreneurs know the processes, documentation and the kind of compliances they need to adhere to in their quest towards export and import business.”

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