The Nigeria Export-Import Bank (NEXIM) has revealed plans to make available the sum of N37bn for the 36 states of the federation and the Federal Capital Territory (FCT), to encourage the development of essential agricultural products for export.
The bank noted that each state and the FCT would get One billion, but that the money would be given as facility at a single-digit interest rate, with the amount to be increased when the need arises.
According to the Bank’s Managing Director, Abubakar Bello, while speaking in Katsina, the money would be used to develop and support one or two export commodities from primary production to the export stage.
