The Federal Government on Friday commended the management of Nigeria Export-Import Bank (NEXIM Bank), for returning the bank to profitability and reducing its non- performing loans (NPL).
The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, gave the commendation when she inaugurated two newly appointed Non – Executive Directors into the Board of the Bank, in her office in Abuja
The minister noted that the bank’s return to profitability and reduction in her non – performing loans had impacted positively in the bank’s statutory mandate.
While reiterating that NEXIM Bank was established to provide export credit guarantee and export credit insurance facilities to its client in support of export, Ahmed said she was delighted with the banks Intra – African Trade Initiatives in readiness of the African Continental Free Trade Agreement (AFCTFTA).
She noted that the overriding objective of Government in setting up NEXIM Bank was the desire to make the bank a significant player in the Nigerian non- oil export sector and other economic revitalization programmes, stressing that the progress on the performance of the bank on the assigned Ministerial Mandate as reported at the Inaugural Steering Committee Meeting held, last Monday was commendable.
Ahmed commended the President for finding the appointees worthy to serve on the board, stating that the appointees were joining the board with diverse private sector background and assured the board of her ministry’s support.
Responding on behalf of the appointees, NEXIIM Bank’s Managing Director, Mallam Abba Bello, said he was delighted that the new appointees were coming to the board with vast and relevant experiences and would add value to the bank.
He assured that with the continued support of the ministry, NEXIM Bank would deliver on its mandate.
The newly inaugurated board members are Mallam Kabiru Hassan and Chief Ede Dafinone.