The Nigerian Export-Import Bank (NEXIM) has signed a Memorandum of Understanding (MOU) with Kwara State Government as part of the Bank’s effort to achieve the Federal Government’s drive to increase economic growth and jobs creation by boosting investments in the non-oil export sector through a partnership arrangement with state governments under its State Export Development Programme.

In furtherance of this objective, an MOU was signed during the 2023 Intra-African Trade Fair, which took place from 9^th– 15^th November 2023 in Cairo Egypt to upscale the production and boost the export of a vast array of Agricultural and Mineral commodities in Kwara state.

Hiss Excellency, the Executive Governor of Kwara State, Alhaji Abdulrahman AbdulRazaq, signed for the State Government, while Mr. Abba Bello, MD/CE of NEXIM Bank signed for his institution.

The MOU signing was preceded by deliberations between the two parties on the various on-going  and prospective economic projects of the state government, including the industrial park, the IsDB-backed agro processing zone, the sugar processing factory, garment and Shea butter factories, solid mineral projects, and the visual arts Center, which is unique in the West Africa subregion.

The partnership will qualify agencies of entrepreneurs and exporters in Kwara State to access the State Export Development Funds and other facilities upon fulfilment of relevant terms and conditions as may be agreed with NEXIM Bank.