LCCI tasks NEXIM bank on exporters’ easy access to funding opportunities

Lagos Chamber of Commerce and Industry (LCCI) says exporters’ easy access to funding from Nigerian Export – Import Bank (NEXIM) would accelerate the country’s economic growth from the impacts of COVID-19 pandemic.

Mrs Toki Mabogunje, President, LCCI made the assertion at a webinar on funding opportunities for exporters with NEXIM bank.

Mabogunje, represented by LCCI Honorary Treasurer, Mr Abimbola Olashore, said accessible funding would also engender value addition on primary raw materials and generate the desired level of foreign exchange needed to achieve economic diversification.

Mabogunje said efforts to diversify the export base of the economy from crude oil over the years had not produced desired outcomes with more than 85 per cent of Nigeria’s foreign exchange earnings from crude oil.

She stressed that the non-oil export sector had the potentials to generate adequate quantum of foreign exchange earnings for the economy and strengthen the Naira against major currencies…TO CONTINUE READING CLICK ON

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