In order to make exporting business easier in Nigeria, the Nigerian Export-Import Bank (NEXIM) has forged a strategic relationship with Fidelity Bank Plc and Sapphital Learning Ltd.
The collaboration will help improve the capabilities and performance of Nigerian export enterprises by leveraging the NEXIM Export Academy (NEXA), an online platform that provides exporters with capacity-building training and access to finance to help them scale their business.
The NEXA platform, which was launched in 2022 with the help of Sapphital (a digital learning institute), is intended to provide millions of businesses with the resources they need to run successful export operations, perform at higher levels of quality control, and compete favorably in the global market.
The platform intends to increase non-oil exports and foreign exchange by integrating all stakeholders throughout the value chain to improve learning, improve quality, and expand intra-African and global trade.
Speaking at a recent Memorandum of Understanding (MOU) signing ceremony in Abuja, Mr. Abba Bello, managing director of NEXIM, stated that part of the awareness the bank seeks to drive is for people to appreciate and understand that export is not only for large corporations, especially now that small manufacturers or traders can trade across borders.
To him, it strives to push knowledge that will assist entrepreneurs in understanding the processes, documents, and types of compliances they must adhere to in their pursuit of success in the export sector.
Mrs. Nneka Onyeali-Ikpe, managing director/CEO of Fidelity Bank Plc, stated that the bank has persistently championed the promotion of non-oil export and capacity building for stakeholders in the nation’s export and import market.
“As a bank, we have always been at the forefront of growing the non-oil export business,” she said. Over the years, we have concentrated on our export banking business and have been consistent in pioneering initiatives aimed at assisting local exporters with capacity-building and access to financing.
“The partnership provides an opportunity to deepen conversations in the export space and, more importantly, to create value for the players in the sector.” On the institute’s ultimate purpose, Mr. Amu Ogbeide, Founder/CEO of Sapphital Learning Ltd, remarked, “We want to expand the export market, and we want additional people to join and flourish with us.’
