NEXIM, Afreximbank mobilise $50m funding for SMEs

METRO PLUS

Many feared dead as explosion rocks Benue community [PHOTOS]

Scores have been reportedly killed in a fuel tanker explosion at the Amoke village of Apa Local Government Area in Benue State.

Osun: One dead, children, others injured as masquerades attack Muslims

At least, one person has been confirmed dead while about 12 persons, including children sustained gunshot injuries in a clash that ensued...

4 confirmed dead after car hit six pedestrians in Yola

Four pedestrians have been confirmed dead and two others injured after a car hit them around the Adamawa State capital, Yola.

Two rescued, 12 abducted in Kaduna community

Kaduna Police Command has rescued two persons, while 12 others were abducted by bandits in Kachia local government area of Kaduna State.

Man sets in-law’s house ablaze in Jigawa

A 40-year-old man, Ibrahim Musa has set his in-law’s house ablaze at Kuzoyara village, Birniwa local Government area of Jigawa State.

The Nigerian Export-Import Bank has announced its partnership with African Export-Import Bank to mobilise the sum of $50m to support Small and Medium Enterprises in Nigeria.

NEXIM announced on Tuesday in Abuja that the $50m Project Preparation Fund for Nigeria was for the provision of technical assistance to bankable SMEs, especially those promoted by women and youths.

The bank’s Managing Director, Abubakar Bello, disclosed this at the inauguration of Women and Youth Export Development Fund with the theme, ‘Unlocking Export Market Opportunities For Women and Youths.’

He said the fund was part of activities mapped out by both financial institutions to commemorate the 2021 International Women’s Day, which was celebrated globally on March 8.

The NEXIM bank boss said the project would increase women and youth participation in the global agro-export market.

According to Bello, the bank had supported many export-oriented industries that were high employers of women and youth such as firms involved the production of cashew, shea, hibiscus, ginger, etc.

He noted that the fund would provide more financial support for women and youth owned businesses operating in the various aspects of the export value chain under a more dedicated arrangement.

Bello said, “WAYEF, however, seeks to do more by supporting women/youth owned businesses operating in the various aspects of the export value chain under a more dedicated and focused arrangement.

“In Africa and developing countries, discrimination against women has been an age long cultural practices.

“This underscores the need for us to redouble our efforts towards addressing such cultural practices and other obnoxious beliefs that have imposed limitations on the female gender.”

Commenting on the development, the Minister of Women Affairs, Pauline Tallen, said poverty was the deadly disease afflicting women and youths, particularly in rural areas, adding that the initiative by the banks was welcomed.

Sign up to FREE email alerts from Tribunepoint Weekly - Daily News

When you subscribe we will use the information you provide to send you these newsletters. Sometimes they’ll include recommendations for other related newsletters or services we offer. Our Privacy Notice explains more about how we use your data, and your rights. You can unsubscribe at any time.

- Advertisement -

Read Also

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest News

Buhari’s assent to PIB lack of respect for Nigerians – PDP

The Peoples Democratic Party (PDP) has called for the immediate amendment of the new Petroleum Industry Act Bill recently approved by President...

‘He was in good health, great spirits’ – Saraki reacts to death of Ibrahim Mantu

Immediate past President of the Senate, Dr. Abubakar Bukola Saraki, has reacted to the death of Ibrahim Mantu, a former Deputy Senate...

Buhari mourns ex-Deputy Senate President, Ibrahim Mantu

President Muhammadu Buhari has condoled with the family of former Deputy Senate President, Ibrahim Mantu, joining the Plateau State Government and indigenes...

Anambra 2021: Soludo remains APGA Guber candidate – Ex-CBN boss’ spokesman, Pauly Onyeka insists

The camp of former Central Bank of Nigeria, CBN, Governor Prof. Charles Soludo, has rubbished the recent court orders declaring Chuma Umeoji...

Kwara APC crisis: Parallel congresses imminent on Saturday

There are strong indications that parallel congresses will be held by the two major warring factions of the All Progressives Congress in...