Non-Oil Export Stimulation Facility


DEVELOPMENTAL INITIATIVES


The Regional Sealink Project: To increase the non-oil trade flows and deepen the regional integration process, the Nigerian Export-Import Bank in collaboration with the Federation of West African Chamber of Commerce and Industry (FEWACCI) has produced a Technical/Feasibility report on the need to establishing an efficient maritime transportation system for the movement of persons, goods and services within the West and Central African sub-region (WCA) in order to reduce the prevailing high transport, freighting and logistics costs.

The Sealink initiative is being implemented as a Public-Private-Partnership project which culminate in the establishment of a regional maritime company to be owned and operated by the private sector.
Promotion of Factoring Services: NEXIM has been working towards developing Factoring Services as a trade finance instrument that would promote the development of MSMEs and also serve as a strategic tool for financial inclusion in trade services. This initiative is being promoted in partnership with other key stakeholders in the public and private sectors under the auspices of the Financial System Strategy (FSS2020) of the Central Bank of Nigeria and Afreximbank. A draft Factoring Law is currently under legislative procedure enactment.