The Role of Nigeria Export Import (NEXIM) Bank in Economic Development of Nigeria: A Review
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Date
2017-03
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International Journal of Economics, Commerce and Management
Abstract
The paper was written to review the role of the Nigeria Export-Import (NEXIM) bank in the
development of Nigerian economy. The NEXIM bank which was set up in 1991 with enviable
mandate of propelling the economy through trade finance, export market advisory services and
Export Guarantee facility among others could not fulfill the objectives of its funding fathers. This
was due to poor management team and poor funding. The bank has been resuscitated in 2010
under the new leadership of Mr. Roberts’s Orya who has outperformed his predecessors due to
his management doggedness and the cooperation of the current government in terms of
funding. It was therefore recommended that the management should be given free hand to
perform, and be empowered with more funds and the management should open a cordial
linkage with other EXIM banks in bigger economies of the world. Through these, the NEXIM
would be able to perform maximally.