FCMB signs MoU with NEPC to boost export trade

Published by

7 years ago

FIRST City Monument Bank (FCMB), has signed a Memorandum of Understanding (MoU), with the Nigerian Export Promotion Council (NEPC) to provide a boost to export trade.

At the signing ceremony in Abuja recently, FCMB received another round of commendations for championing and executing initiatives that drive export trade, particularly non-oil exports in the country.

The commendation was given by the Executive Director/Chief Executive Officer of the NEPC, Mr Olusegun Awolowo, exporters and other stakeholders who attended the signing ceremony.

According to stakeholders, the action of the bank, has gone a long way to impact positively on the various initiatives of the Federal Government to diversify and develop the nation’s economy in a sustainable manner.

The ceremony also provided an opportunity for the bank and the Council to further engage and build the capacity of exporters on new and emerging developments in the sector. This is the fifth consecutive year FCMB has organised such a forum in partnership with Federal Government agencies.

In his address, Mr Awolowo, who was represented by the Director, Policy and Strategy of NEPC, Alhaji Abdullahi Aliyu said, “FCMB has demonstrated commitment and support towards the promotion of non-oil exports. We believe that through the MoU, this partnership will be sustained. This singular action of FCMB would also go a long way to address the age long challenge of access to finance that had been a nightmare to Nigerian exporters.’’

He urged exporters to take advantage of the numerous opportunities offered by the NEPC and FCMB to grow their businesses.

Mr Awolowo added that, “NEPC is doing its best through schemes such as the Export Expansion Grant and Export Development Fund.” The chief executive further informed that exporters who participated in the recent NEPC/CHI Export Competency Development Programme in the Netherlands on Sales Awareness have been equipped with the relevant knowledge and capacity to enhance their export trade businesses.