In an effort to increase Nigeria’s foreign exchange revenues, the Nigerian Export-Import Bank has established strategic cooperation with Fidelity Bank Plc and Sapphital Learning Limited.
According to The Punch, the cooperation would use the NEXIM Export Academy, an online platform that gives exporters access to funding to expand their operations and capacity-building training, to help export enterprises in Nigeria become more skilled and perform better.
According to the document, the NEXA platform, which was introduced in 2022 with the assistance of Sapphital (a digital learning institute), was created to provide millions of businesses with the tools they need to manage successful export operations, carry out higher levels of quality control, and successfully compete on the international market.
The platform aims to connect all the stakeholders throughout the value chain to boost learning, improve quality, and expand intra-African and international trade in order to drive the growth of non-oil exports and foreign exchange.
The managing director of NEXIM, Mr. Abba Bello, said during the signing of the Memorandum of Understanding in Abuja that “part of the awareness the bank seeks to drive was to make people appreciate the fact and come to the knowledge that export is not only for big companies especially now that small manufacturers or traders can trade across borders.
“We want to advance the knowledge that will assist entrepreneurs in understanding the procedures, paperwork, and types of compliances they need to follow in their pursuit of export and import business.”