A BILL FOR AN ACT TO AMEND THE NIGERIA EXPORT-IMPORT BAK ACT, CAP N106, LFN 2004
Bill · Economy
Policy date: 2026-03-04
A Bill proposes modifying the Nigerian Export-Import Bank Act to enhance its operational capacity. The amendment aims to recapitalize the bank and improve its governance framework for international trade. This strengthens the bank's ability to support exporters, earn foreign exchange, and diversify the economy.
What Is This Policy?
The NEXIM Amendment Bill (2025) is a legislative proposal to modify the Nigerian Export-Import Bank Act in order to recapitalize the bank, improve its governance framework, and enhance its ability to support Nigeria’s export trade and industrial development.
Who Does It Target?
The Bill is directed at exporters, manufacturers, and businesses engaged in international trade, providing them with improved access to financing and credit guarantees. It also targets financial regulators and policymakers, ensuring that NEXIM operates under a stronger governance framework.
What Does It Aim to Achieve?
The Bill aims to strengthen NEXIM Bank’s capacity to diversify Nigeria’s economy, earn foreign exchange, and create employment opportunities.
Key Features
Recapitalization of NEXIM Bank to increase its lending capacity. Improved governance structure for transparency and accountability. Enhanced supervisory framework aligned with its national development role. Support for exporters and manufacturers through credit guarantees and financing. Alignment with global financial standards to strengthen competitiveness.
Current Status
Under consideration by the National Assembly. The bill to amend the Nigeria Export-Import Bank Act is at the legislative stage.
Legal Framework
Nigerian Export-Import Bank Act, Cap N106, LFN 2004 Central Bank of Nigeria Act (2007)