Business
RMAFC Chairman Champios Digital Transformation, Trains Staff on Performance Management System
Joel Ajayi
The Chairman, Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), Dr. Mohammed Bello Shehu, OFR, has reaffirmed the Commission’s resolve to embrace digital transformation for improved productivity and service delivery.
In a statement Issued on Tuesday by the Head, Information and Public Relations UnitRMAFCMaryam Umar Yusuf in Abuja.
While speaking at the opening ceremony of a training on Performance Management System (PMS) for staff of the Commission, Dr. Shehu, represented by Hon. Ismail Mohammed Agaka, Federal Commissioner representing Kwara State, said the new PMS would replace the old annual performance evaluation report. He added that automation and digital tools will streamline processes, minimise errors, and make the analog system a thing of the past.
He urged staff to adapt to the changes. He said, “if you do not shake into the system, the system will likely shake you out.” He further advised participants to adjust their mindset and attitude to embrace the new changes coming in the next few months.
Also addressing the participants, the Secretary to the Commission, Mr. Nwaeze Joseph Okechukwu who described RMAFC as one of the nation’s strategic institutions, explained that the training would ensure that officers experience digital transformation and develop new skills.
He therefore encouraged staff to learn, unlearn, and relearn while maintaining good dressing and the culture of punctuality to promote a professional and respectful work environment.
In his goodwill message, the PMS Consultant from Reliefline Nigeria Limited, Mr. Emmanuel Ohiro commended the initiative. He said “This workshop is a good idea, and I urge you to take it seriously as it will improve your service delivery.”
The training, organised by the Administration and Human Resources Department in collaboration with Reliefline Nigeria Limited, commenced on Tuesday, 16th September 2025, and will run daily until Wednesday, 24th September 2025..
Business
NEXIM Bank Secures Bbb+ Rating from Agusto & Co., Declares ₦30.47 Billion Operating Profit
By Joel Ajayi
The Nigerian Export-Import Bank (NEXIM) has been assigned a Bbb+ rating by leading credit rating agency Agusto & Co. Limited, affirming its satisfactory financial condition and strong capacity to meet obligations relative to other development finance institutions (DFIs) in Nigeria.
For the year ended 2024, NEXIM Bank reported an operating profit of ₦30.47 billion, more than double the ₦13.75 billion recorded in the previous year. This remarkable growth underscores the Bank’s financial resilience and operational efficiency.
Established to promote Nigeria’s non-oil exports and support import-substituting businesses, NEXIM is fully owned by the Federal Government of Nigeria through equal shareholding by the Central Bank of Nigeria (CBN) and the Ministry of Finance Incorporated (MOFI).
The Bank has sustained strong liquidity and capital adequacy ratios, alongside notable growth in its loan book and equity investments. Key sectors supported include manufacturing, agriculture, solid minerals, and services.
According to Managing Director, Mr. Abba Bello, NEXIM has intensified its intervention in the non-oil export sector, disbursing over ₦495 billion and facilitating the creation and sustenance of more than 36,000 direct and indirect jobs.
Among the Bank’s key initiatives are:The Regional Sealink Project: A public-private partnership designed to improve maritime logistics across West and Central Africa. Promotion of Factoring Services: Offering alternative export financing solutions for SMEs. And Joint Project Preparation Fund (JPPF): Implemented in partnership with Afreximbank to enhance the bankability of export projects.
Additionally, NEXIM is developing tailored financing schemes for the mining sector, including Contract Mining, Equipment Leasing, and Buyers’ Credit/ECA Financing, aimed at unlocking export potential and boosting foreign exchange earnings.
With its renewed drive, NEXIM Bank remains committed to building local processing capacity, advancing Nigeria’s competitiveness in global trade, and strengthening non-oil export revenues by moving up the commodity value chain.
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