Business
Youths to Explore Non-Oil Export Opportunities with NEXIM Bank MD at APC Youth Breakfast Session
By Joel Ajayi
The Managing Director of the Nigerian Export-Import Bank (NEXIM), Mr. Abubakar Abba Bello, is set to engage young Nigerian entrepreneurs and business owners on Tuesday, September 2, 2025, at 9 a.m., in a high-level breakfast session focused on non-oil export opportunities and wealth creation.
The event, organized by the Youth Wing of the All Progressives Congress (APC) under the leadership of the National Youth Leader, Hon. Dayo Israel, is part of a broader initiative to drive foreign exchange inflows and empower the next generation of business leaders. The session will be streamed live online and is open to participants nationwide, with registration required via bit.ly/abbabellonexim.
Hon. Dayo Israel emphasized the importance of boosting non-oil exports to stimulate job creation and economic diversification in Nigeria.
“If we are to create more local jobs and attract foreign exchange, we must scale up non-oil exports. Our young entrepreneurs need access to funding, technical support, and market information. That’s why we are excited to host the MD of NEXIM Bank—to connect them directly with Nigeria’s top export facilitator,” he said.
Mr. Bello’s engagement will cover key areas such as: Access to finance for SMEs and agribusinesses, Export readiness and leveraging opportunities in AfCFTA, Exploring new markets for non-oil products, NEXIM Bank’s role in promoting agro-led export growthand Empowering Nigerian youth to build globally competitive enterprises
This session follows a successful lineup of recent events at the APC Youth House, including discussions with the Honourable Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani, and the Chairman of the National Sports Commission, Mallam Shehu Dikko. Over 100 young participants have also benefited from various capacity-building workshops hosted by the Youth Wing.
According to Hon. Israel, the Youth Wing remains committed to aligning its programs with President Bola Ahmed Tinubu’s Renewed Hope Agenda, with a focus on entrepreneurship, innovation, and inclusive economic growth.
“It’s a packed week of transformative sessions at the Youth House. We’re shaping the minds of our young progressives and building a future driven by innovation, export, and enterprise,” he added.
NEXIM Bank, as Nigeria’s premier export credit agency, plays a strategic role in promoting non-oil export and providing financial solutions that stimulate inclusive economic growth.
This partnership with the APC Youth Wing is a significant step towards integrating young Nigerians into global trade and positioning them for long-term business success.
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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