The Nigerian Export-Import Bank says it has earmarked N37 billion to develop and support export commodities from primary production to exporting stage across the 36 states of the federation, including the Federal Capital Territory, Abuja.
The Bank also disclosed that each state and the FCT would benefit from N1 billion loan with the single-digit interest rate to produce a chosen agricultural product that is export worthy in order to complement the Federal Government’s quest of diversifying the oil-based revenue to agriculture.
According to the NEXIM bank chief, Abba Bello, the initiative if accomplished, would generate employment opportunities for the teeming unemployed youths in the country and enhance food production.
