CBN and NEXIM Strengthen Partnership to Boost Non-Oil Exports and FX Earnings in Nigeria

The Managing Director and Chief Executive of the Nigerian Export-Import Bank (NEXIM), Mr. Abba Bello, has held strategic talks with the Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, in Abuja. The meeting took place on April 22, 2026, at the CBN Head Office and focused on strengthening Nigeria’s trade and economic development agenda.

Both leaders discussed key priorities around expanding export financing and improving access to funding for small and medium-sized enterprises (SMEs). They also explored ways to support value-adding sectors that can drive job creation and improve foreign exchange inflows into the country.

A major highlight of the engagement was the push for stronger coordination between development finance institutions and monetary authorities. The aim is to create a more unified approach that supports sustainable economic growth and reduces Nigeria’s dependence on oil revenues.

The conversation also emphasized the need to deepen Nigeria’s non-oil export base. This includes improving policies and financial support systems that encourage local producers and exporters to compete more effectively in international markets.

The meeting was seen as a step toward stronger institutional collaboration between NEXIM and the CBN. Both parties reaffirmed their commitment to delivering practical outcomes that will strengthen Nigeria’s economy, boost exports, and enhance foreign exchange stability over the long term.

source: nairametrics