FCMB Promotes Export Growth

First City Monument Bank (FCMB) Limited has said it will continue to support export of local products through funding initiatives.

The bank’s Executive Director, Business Development, Mr. Adam Nuru, disclosed this at the Customer Forum on Export Trade with the theme: Enhancing Capacity for Export Growth, organised by the bank.

The forum was organised by FCMB in partnership with the Nigerian Export Promotion Council (NEPC), Nigeria Export-Import Bank (NEXIM), Bank of Industry (BoI), National Agency for Food and Drug Administration and Control (NAFDAC), Nigeria Customs Service (NCS), Nigeria Agricultural Quarantine Services (NAQS), Federal Inspection Agency for Solid Minerals (FIASM).

Nuru said that the lender has created opportunities to assist Nigerian exporters benefit optimally from products export. He listed some of the offerings of the bank in this regard to include pre and post-shipment financing/refinancing and discounting, provision of market information as well as advisory services.

He explained that, ‘’the customer forum is another way we demonstrate not just how much we value our customers, it is also an opportunity to inform the market that we are truly on ground to support government and stakeholders in their efforts towards driving and growing export trade to boost non-oil revenue in the economy. Our alignment with the Nigerian Export Promotion Council and other sister agencies is a proof of the commitment to go the extra mile to contribute significantly towards the realisation of the business aspirations of our customers and that of the country’’.

Speaking at the event, Evelyn Obidike, Deputy Director at Nigeria Export Promotion Council (NEPC) said there are several factors that work in favour of Nigerian exporters and should be explored to maximise their export potentials.

She said the large population of Nigeria remains veritable tool to be leveraged by exporters to do better. Obidike also urged exporters to give the best to the packaging of their products to attract both local and international consumers. She said that packaging remains a silent selling strategy explored by wise exporters to achieve mileage in their businesses.

Also speaking at the event, Director of Small and Medium Enterprises (SMEs) at Bank of Industry (BOI), Waheed Olagunju, said the lender values SMEs by looking at the levels of risks and opportunities in the businesses that need funding.



Source: The Nation Nigeria

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