NACCIMA tasks NEXIM, banks on increased export-import financing


By Laz IBEABUCHI

LAGOS-Dr. Herbert Ademola Ajayi, National President, Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture, NACCIMA, has called on banks to redouble their efforts in the provision of services on funds in the Export & Import promotion in order to reposition the non-oil export sector of the Nigeria’s economy.

Speaking during an interactive session of NACCIMA members with Nexim Bank and Ecobank in Lagos, Dr. Herbert said there is the need for the Banks to redouble their provision of funds to sustain the growth and development envisaged for this sector.
He called on the Ecobank and other Commercial Banks to relax their stringent demands for collateral from Private Sector applicants for their facilities to enhance the easier growth of businesses.
“It is imperative to use this medium to call on the Government of Nigeria to enhance the incentives to exporters in order to stimulate faster and better growth in the nation’s non-oil Export Sector.
“Presently, there is a huge gap between Import to Nigeria and Export from Nigeria to foreign nations.  The only way to bridge this gap is to grow our export promotion,”” he said.
Dr. Herbert said the main objective of the interactive forum was to create a dialogue platform between the Private Sector Operators and Financing Services Providers to provide necessary information and opportunities needed in the realization of business ideas and projects by making known their services and clear any misconception or misrepresentation of their offered services as the case may be.

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