The African Export-Import Bank has reaffirmed its plan to work with Nigerian government in financing $1 billion investments in trade enabling infrastructure.
The President , Afrexim bank, Benedict Oramah disclosed at the bank’s visit to nigeria that lender’s facilities are a major impact on critical sector of the economy.
Oramah identified the sectors benefiting from the bank’s facilities as financial institutions, transport, hospitality, manufacturing, agro-allied, oil and gas, power, and telecommunications.
Advertisement
He says the bank’s support to Nigeria includes provision of liquidity and trade finance lines of more than $800 million during the banking consolidation when international banks cut credit lines to the country.
Related posts:
World Bank approves $2.1bn loans for Nigerian projects
Tanzania govt secures $1bn loan from TDB bank for infrastructure
Foreign investors stake $7.8bn on Nigeria’s $1bn Eurobond
U.N. says it needs $1bn to scale up intervention in northeast Nigeria
France plans €1bn investment in Nigeria’s oil industry
World Bank to support Nigeria’s maritime sector with $40m
Nigeria secures $150m World Bank loan to support mining sector
World bank to support Nigeria to facilitate economic devt
