NEXIM Backs Tinubu’s $1 Trillion Economy Agenda At FICAN AGM

The Nigerian Export-Import Bank (NEXIM) has reaffirmed its commitment to driving Nigeria’s non-oil export growth as a critical pathway to achieving President Bola Ahmed Tinubu’s $1 trillion economy target.

The Bank made this known at the 2025 Annual General Meeting of the Finance Correspondents Association of Nigeria, FICAN, Abuja Chapter.

The Managing Director/Chief Executive, NEXIM, Abubakar Abba Bello in an address described the $1 trillion Gross Domestic Product ambition as bold but achievable, provided Nigeria accelerates economic diversification and moves away from overreliance on a single commodity.

The Bank emphasized that non-oil exports must form the backbone of the trillion-dollar vision, highlighting opportunities in agriculture, solid minerals, and the creative industry as key sectors capable of boosting foreign exchange earnings and job creation.

To support this shift, NEXIM disclosed that it disbursed ₦179.79 billion to exporters in 2025, providing targeted financing and guarantees to help Nigerian businesses scale production, improve quality standards, and compete more effectively in global markets.

Bello also underscored the importance of regional trade in achieving sustained economic expansion, noting that Nigeria must strategically leverage the African Continental Free Trade Area (AfCFTA) to deepen intra-African commerce and expand market access for local exporters.

According to the NEXIM boss, addressing structural bottlenecks remains essential to export competitiveness.

Through its Sealink Project, the Bank is supporting efforts to improve maritime and inland waterway logistics in order to reduce trade costs and enhance efficiency.

He further highlighted the crucial role of financial journalists in shaping economic discourse and strengthening investor confidence, commending FICAN members for promoting accountability and informed public engagement on fiscal and monetary policies.

The Managing Director reiterated the bank’s commitment to transparency and partnership with the media, stressing that collaboration among policymakers, financiers, and the press is vital to translating the $1 trillion economy vision into tangible economic benefits for Nigerians.

Umbwanko Baba, Edited By Grace Namiji