Project Financing: NEXIM Bank Seeks Cooperation

The Nigerian Export Import Bank (NEXIM), has called for
synergy between it and the Infrastructure Bank (IB) Plc. to support the Federal
Government’s transformation agenda through project financing.

Mr. Roberts Orya, NEXIM Bank’s Managing Director, made the
call in Abuja last week when he led a delegation from the bank on a courtesy
visit to the Managing Director of IB Plc., Mr. Adekunle Oyinloye.

“We are excited to be here, the meeting is essentially to
deepen inter-agency cooperation and also explore areas of transactional risk
sharing in co- financing projects that have export content so that we can
explore areas of mutual cooperation and build synergies and capacities to
support government’s transformation agenda.

“We in NEXIM bank, we are set up to diversify the economy
from the mono-production of oil. We need to work with institutions like you, to
be able to actualise our own mandate.’’

Orya stated that there was the need for the two banks to
work together on a sea-link project.

According to him, the project is intended to ease Nigerian
exporters’ movement of goods to other African countries and to improve trade in
the ECOWAS region particularly.

He explained that NEXIM Bank had been working hard to see
how best to enhance the volume of trade in the region.

“We have the sea-link project; a sea-link project is
basically a maritime transport infrastructure; we are looking at how we can
enhance the volumes of trade that falls within the ECOWAS sub-region and even
the Central African region.