Aviacargo: NEXIM Bank assures readiness to finance, grow Nigeria agro exports

….as committee begins tour of cargo airports, terminals, farms in North Central zone

The Nigerian Export-Import Bank (NEXIM) has pledged its readiness to finance Nigeria cargo exports in the country if standards and specifications are strictly adhered to.

The Managing Director, NEXIM Bank, Mr. Abba Bello made the pledge when the Federal Airports Authority of Nigeria, FAAN Aviacargo Committee paid a visit to the bank in Abuja to solicit its support to grow avia-cargo exports.

The FAAN Avia-cargo Committee set up to identify the challenges and proffer solutions to low exports of Nigeria’s products commenced its tour of cargo airports and farms in the North Central zone Tuesday.

In seeking the support of stakeholders in the export value chain, the committee visited the NEXIM Bank Abuja to ask for funding needs for players to increase participation.

The Managing Director, NEXIM Bank, Mr. Abba Bello emphasised that for more players to join in the business and increase exports, bottlenecks created by government agencies have to be eliminated to increase the revenue generation for the industry.

He said, cargo exports have the potential to contribute more to the nation’s gross domestic products, adding that Nigeria is blessed with an array of agricultural produce and products but never exported either due to the lack of knowledge, challenges of logistics, finances and bottlenecks at the point of export.

“Our own role is to provide financing and financial Instruments that would promote the export of Nigerian goods so, we use different products for different kinds of trade”.

While commending FAAN for setting up the committee to address the cargo export challenges by air, the NEXIM Bank MD urged the committee to put in writing areas where the bank could assist.

Responding, the Coordinator, Avia-Cargo Committee, Mr. Ikechi Uko said the visit to NEXIM bank was to partner with them on how it could finance cargo export in the country.

He however noted that without financial support after identifying the challenges affecting agro export products, the aim of achieving increased export may be a mirage.

“For any of these things to work without the necessary financing, without the necessary support none of it would really work”.

Head strategic planning NEXIM bank, Mr. Tayo Omidiji and a member of the aviacargo committee, Mr. Alex Nwuba, gave some suggestions on how some of the export challenges could be tackled and commended the willingness of FAAN to grow cargo by air.

“If Nigeria have the largest fleet of aircraft in West and Central Africa, why don’t we have an MRO arrangement so that we can be servicing our aircraft, these are ecosystem things that can come”..Omidiji

“NEXIM bank plays a major role in providing information as to the components they can provide to make funding available for export generation, equipment manufacture, access to…” Nwuba.

Earlier, the committee also inspected the new and old cargo terminals at the Abuja airport to ascertain the state of facilities for export.

During a courtesy call on the Acting Regional General Manager, North Central airports and Manager, Nnamdi Azikiwe International Airport (NAIA), Abuja, Dr. Adamu Adamu expressed satisfaction with the combination of the committee which includes all the players in the export value chain, namely, Standards Organisation of Nigeria (SON), Nigeria Customs Service (NCS), Nigerian Quarantine and the National Agency for Food and Drug Administration and Control (NAFDAC), among other agencies.

The RGM North Central Airports, Dr. Adamu Adamu with the aviacargo Committee during a courtesy visit to NAIA, Abuja.

Dr. Adamu lamented that, due to inadequate and lack of storage and preservation facilities many agro products were wasted coupled with poor packaging, non-adherence to standards and specifications for exports.

He urged the committee to ensure they come up with workable solutions that would help improve aviacargo exports to enhance revenue for FAAN and the Nigeria economy.

The committee is currently in Jos and has visited the Yakubu Gowon Airport, Jos and billed to meet with the State Governor today.

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