Nigerian Export-Import Bank Act (Amendment) Bill

An Act amends the Nigerian Export-Import Bank to boost its capital and services. It targets exporters, manufacturers, and small businesses to finance trade and imports. This supports economic growth through increased export activities.

Nigerian Export-Import Bank Act (Amendment) Bill Policy Overview

What Is This Policy?

An amendment to the NEXIM Bank Act to expand its capitalisation, product offerings, and mandate to more effectively finance Nigerian exports, support import substitution, and mobilise international trade finance for Nigerian businesses.

Who Does It Target?

Nigerian exporters across all sectors (agriculture, manufacturing, services, creative industries) Import-substitution manufacturers SMEs seeking to enter export markets Federal Ministry of Finance and Central Bank of Nigeria

What Does It Aim to Achieve?

Recapitalise NEXIM Bank to provide sufficient trade finance for Nigeria's growing export base Introduce new financial instruments for export guarantee, insurance, and pre-shipment financing Support the African Continental Free Trade Area (AfCFTA) readiness of Nigerian exporters Grow non-oil exports from $3 billion to $30 billion by 2030

Key Features

Current Status

Funding: Federal Government recapitalisation; multilateral development bank credit lines; commercial borrowings

How to Access

Nigerian exporters apply for trade finance, insurance, and guarantee products directly with NEXIM Bank. Requirements: Registered Nigerian company with active export or import-substitution activity NXP (Form M equivalent) export documentation Valid NEPC registration for exporters Audited accounts for loans above threshold Application method: NEXIM Bank: www.nexim.gov.ng | Head Office, Abuja; branches in Lagos, Kano, Port Harcourt

Important Terms

Loans are interest-bearing at concessional rates; standard commercial terms for guarantees Export proceeds repatriation required under CBN regulations Default on NEXIM facilities may affect future credit access across the banking sector

Impact & Metrics

Nigeria's non-oil exports stand at $3 billion annually (2024); NEXIM's expanded mandate supports the government target of $30 billion by 2030 under the AfCFTA.

Official Resources

Website: www.nexim.gov.ng Contact: NEXIM Bank — [email protected] | Tel: 09-462-4000 Federal Republic of Nigeria — Policy Summary Document | March 2026

Legal Framework

The Nigerian Export-Import Bank Act (Amendment) Bill operates under the Nigerian Export-Import Bank (NEXIM) Act 1991 and aligns with the Central Bank of Nigeria Act 2007, the Banks and Other Financial Institutions Act 2020, and the Nigerian Export Promotion Council Act. NEXIM's mandate aligns with the WTO Agreement on Subsidies and Countervailing Measures (rules on export financing), the Berne Union international credit insurer standards, and the African Export-Import Bank (Afreximbank) framework.