By Daniel Edu

The Nigerian Export-Import Bank (NEXIM) has announced a strategic partnership with Fidelity Bank and Sapphital Learning to enhance Nigeria’s foreign exchange earnings through the growth of its export sector. The collaboration aims to improve the skills and performance of export businesses in the country by utilizing the NEXIM Export Academy (NEXA), an online platform that offers capacity-building training and access to finance for exporters.

The NEXA platform, launched in 2022 with support from Sapphital Learning, empowers businesses with the necessary resources to successfully operate in the export market, enhance quality control, and compete globally. It seeks to drive the growth of non-oil exports and foreign exchange by connecting stakeholders along the value chain, fostering learning, improving quality, and promoting intra-African and global trade.

During the signing of the Memorandum of Understanding (MOU) in Abuja, the Managing Director of NEXIM, Mr. Abba Bello, highlighted the importance of providing entrepreneurs with knowledge about export processes, documentation, and compliance requirements.

The Managing Director/Chief Executive Officer of Fidelity Bank, Mrs. Nneka Onyeali-Ikpe, emphasized the bank’s commitment to promoting non-oil exports and capacity building for players in the export and import business. She stated that Fidelity Bank has consistently supported initiatives aimed at aiding capacity building and access to capital for local exporters, and the partnership offers an opportunity to deepen discussions in the export sector and create value for industry participants.

The Founder/CEO of Sapphital Learning, Mr. Amu Ogbeide, expressed the institute’s goal of expanding the export market and encouraging more individuals to participate and grow in the sector.