FG commends NEXIM for reducting non-performing loans | The Guardian Nigeria News

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NEXIM

The Federal Government has commended the management of the Nigerian Export Import Bank (NEXIM) for returning the bank to profitability and reduction in non-performing loans.

Mrs Zainab Ahmed, Minister of Finance, Budget and National Planning, gave the commendation, in a statement by Mr Tijjani Mohammad, Principal Information Officer of the ministry, on Friday in Abuja.

Ahmed also inaugurated two newly appointed non-Executive Directors into the board of the bank.

The minister noted that NEXIM’s return to profitability and reduction in its non-performing loans had impacted positively on the bank’s statutory mandate.

She expressed delight at the bank’s intra–African trade initiatives in readiness for the African Continental Free Trade Agreement (AfCFTA).

She noted that the overriding objective of the government in setting up the bank was the desire to make it a significant player in the Nigerian non-oil export sector and other economic revitalisation programmes.

She…



Source: Guardian Newspaper

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