Nigeria: NEXIM Needs N250 Billion Capital Base to Fund Projects

21 November 2012

The Managing Director and Chief Executive of Nigeria Export Import bank (NEXIM) Mr Robert Orya, has said the bank needs to move its capital base from N50 billion to N250 billion in order to finance developmental projects.

Speaking with journalists after an inspection of Beloxxi Industries by members of the House Committee on Banking and Currency, Orya said although it would be a drop in the investment opportunities that abound in the non-oil sector of the country, he said it would be a step forward.

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