NEXIM Bank and NIWA Increase Regional Trade.

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The release of navigational charts for the lower River Niger in Abuja, according to the Nigeria Export-Import Bank, has boosted efforts to enhance regional commerce and encourage bulk transportation of commodities across Nigerian waterways.

The lower River Niger channel’s navigational safety was to be ensured by the survey and charting, which were jointly carried out by hydrographers of the Nigerian navy and Nigerian Inland Waterways Agency with financial assistance from NEXIM and Afreximbank.

In his remarks, Mr. Abba Bello, the managing director and chief executive of NEXIM Bank, stated that as a trade policy bank, the Nigeria Export-Import Bank has started a deliberate policy push “to bridge marine infrastructure gaps toward cutting logistics costs to support trade with the promotion of the Regional Sealink Project.

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