The Nigerian Export-Import Bank (NEXIM) is a financial institution established by the Nigerian government in 1991 to promote non-oil exports in the country. The bank provides financing and risk management services to exporters and export-oriented businesses in Nigeria, with the aim of diversifying the country’s export base, increasing foreign exchange earnings, and creating jobs.
This post provides us the NEXIM Bank’s date and place of establishment, its contributions so far to economic and social development and salary structures for its numerous employees across the country.
The headquarters of NEXIM Bank is located at Plot 975, Cadastral Zone A0, Central Business District, Abuja, Nigeria. The bank also has several regional offices across Nigeria.
NEXIM Bank has made significant contributions to national development in Nigeria by promoting and supporting the growth of the non-oil sector, which has become increasingly important in diversifying the country’s economy and reducing its dependence on oil revenues.
The bank has provided financial and technical support to exporters and export-oriented businesses in Nigeria, especially small and medium-sized enterprises (SMEs), to help them overcome the challenges of accessing finance and markets.
NEXIM Bank’s initiatives and programs have helped to increase non-oil exports, improve the quality and competitiveness of Nigerian products, and enhance the country’s foreign exchange earnings.
The bank has also been active in promoting regional trade and integration within the Economic Community of West African States (ECOWAS), which has helped to boost trade flows, promote cross-border investments and support infrastructure development in the region.
In addition, NEXIM Bank has contributed to national development by supporting the development of critical sectors such as agriculture, solid minerals, and manufacturing. The bank has provided financing and other support services to businesses in these sectors to promote value addition, increase production, and create jobs.
Overall, NEXIM Bank’s contributions to national development in Nigeria have been significant, and the bank continues to play a critical role in supporting the country’s economic growth and development.
Its Salary Structures For Employees
As for the salary structures at NEXIM Bank, they vary depending on the position and level of experience of the employee.
According to information available on public salary databases, entry-level positions at the bank can earn around N100,000 – N200,000 Nigerian Naira per month, while senior-level positions can earn over N1,000,000 Nigerian Naira per month.
However, it is important to note that these figures are subject to change and may not be accurate at the current time.
Overall, while there have been challenges and setbacks, NEXIM Bank has contributed significantly to the development of Nigeria’s non-oil sector and the promotion of regional trade and integration.
For the numerous job finders in Nigeria who want to work with NEXIM Bank, they should see the information provided here very useful.