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- The Africa Export-Import Bank was founded successful 1993 to assistance African countries facilitate planetary trade
- The slope has besides released involution funds to respective African countries for peculiar interaction projects implicit the years
- The Nigerian authorities has confirmed however overmuch it received from the slope and what projects were funded with the money
Ruth Okwumbu-Imafidon, a Legit.ng journalist, has implicit a decennary of acquisition successful business reporting crossed integer and mainstream media.
The Federal Government of Nigeria has acknowledged the African Export-Import Bank (Afreximbank) for its respective interventions successful Nigeria and Africa.
According to Vice President Kashim Shettima, the bank’s involution successful Africa is worthy implicit $100 billion, and from the sum, Nigeria has received $52 billion.
While flagging disconnected Afreximbank’s 32nd Annual General Meeting (AGM) successful Abuja, Shettima noted that Nigeria is some the highest beneficiary and highest shareholder successful the bank.
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He listed cardinal projects successful Nigeria that person been funded by the Afreximbank involution funds, to include:
- The African Trade Centre, Abuja arsenic a nucleus for argumentation innovation, commercialized facilitation, and concern intelligence,
- The African Medical Centre of Excellence, providing world-class oncology, cardiology, and haematology services for Nigerians,
- African Quality Assurance Centres successful Kaduna and Ogun State to amended the prime of exports from Nigeria,
- A $300 cardinal export-manufacturing initiative, located successful Cross River, Enugu, and Kano states. These projects are targeted astatine catalysing concern clusters successful Nigeria. They are besides expected to enactment the $3 cardinal intra-Africa petroleum commercialized facility.
Commenting connected the value of the projects, Shettima, who was represented by his Senior Special Adviser connected Economic Affairs, Dr. Tope Fasua, said:
“These are not specified projects, they are strategical investments successful resilience, for sovereignty and successful shared prosperity.”He besides reiterated the committedness of the President Bola Tinubu medication to prosecute the boldest economical reforms successful Nigeria’s history, and turn the nation's Gross Domestic Product (GDP).
The Vice President of Afreximbank, Mr. Dennis Denya, successful his remarks, described the AGMs arsenic a captious gathering that has proven to beryllium the birthplace of ideas and argumentation designs that alteration the narrative.
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He besides noted that it perpetually created a level for strategical alliances and constructive partnerships, the Daily Sun reports.
Recall that Afreximbank urged the Nigerian authorities to stabilise the naira arsenic a means of assuring overseas investors that their investments are safe.
The slope warned that the accordant currency risks and economical uncertainties successful Africa’s largest economy could pb to a cautious concern attack by investors.
While the Central Bank of Nigeria had made efforts to fortify the naira, nary semipermanent effect had been achieved.
Afreximbank opens internship programme
In related news, Afreximbank has announced an opening for its Internship Programme.
The slope said the programme is unfastened to citizens of subordinate African countries and Africans successful the diaspora.
Afreximbank listed the criteria to participate successful the programme, and Legit.ng reported that the slope acceptable the monthly stipend of $800.
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Source: Legit.ng
