Nigeria Export-Import Bank (NEXIM) Reveals Lucrative Investment Opportunities for Investors
The Nigeria Export-Import Bank (NEXIM) has announced a lucrative opportunity for investors in Nigeria to benefit from a generous 30 per cent return on their investments. Stella Okotete, the Executive Director of Business Development at NEXIM, shared this information during a visit from the Mexican Ambassador to Nigeria, Alfredo Miranda, and his delegation in Abuja.
On this occasion, Okotete highlighted the potential for a partnership between Nigeria and Mexico to expand the market for Nigerian goods in Mexico. She emphasized the economic benefits that both countries could experience through collaboration, including increased foreign exchange earnings, improved investment prospects, and overall prosperity for citizens.
Underscoring the significant return on investment available in Nigeria, Okotete assured the Mexican delegation that the country offers returns ranging from 7 to 30 per cent, a feat not easily attainable elsewhere. She also showcased Nigerian-made export goods financed by the bank, drawing attention to the diverse investment opportunities available in Nigeria, particularly in the non-oil export sector.
The Executive Director expressed Nigeria’s readiness to partner with Mexico in developing the mining sector, which she described as an untapped opportunity in the country. She assured the Mexican stakeholders of NEXIM’s support in facilitating business collaborations aimed at enhancing the mining industry for export.
This engagement marks a pivotal moment in strengthening trade relations and exploring mutually beneficial investment opportunities between Nigeria and Mexico. The Mexican Ambassador, Alfredo Miranda, acknowledged the bank’s efforts to promote non-oil exports for sustainable economic growth and expressed enthusiasm for increased economic and bilateral cooperation between the two nations.
Miranda also highlighted Mexico’s substantial $1.4tn economy, underscoring the potential for Nigerian businesses and exporters to benefit significantly from engaging with Mexico. He emphasized the importance of identifying and leveraging business opportunities in both countries to boost trade, investments, and secure funding for their development projects.
NEXIM’s revelation about the high returns on investment for investors in Nigeria and its commitment to facilitating strategic partnerships with Mexico bode well for the economic prospects of both nations. This engagement not only underscores the significant economic potential of Nigeria but also highlights the opportunities available for international investors looking to capitalize on the country’s burgeoning export market.
