The Nigeria Export-Import Bank recently disclosed that investors in Nigeria earn a 30% return on their investments.
This was announced by Stella Okotte, Director of Business Development, NEXIM while hosting the Mexican Ambassador of Nigeria, Alfredo Miranda, who led a delegation on a courtesy call to the bank's management in Abuja.
She emphasized a robust partnership between Nigeria and Mexico, which she believes will expand access to Nigerian goods in the Mexican market.
However, Stella believes that a strong collaboration between Nigeria and Mexico will increase the country’s foreign exchange earnings, attract investment opportunities, and ultimately promote prosperity for the citizens of both nations.
The bank said on Sunday in Abuja that Okotete also used the opportunity to showcase some of the Nigerian-made export goods financed by the bank and talk about other options available in Nigeria.
She said,
- I should once again assure you that with Nigeria, as a country and with a very large opportunity in export, especially the non-oil export sector, you have 100 percent access to your foreign exchange for repatriation and you have a very huge ROI (return on investment) on your investment.
- We are talking about in some cases 30 per cent, between seven to 30 per cent; you won’t get it anywhere but in Nigeria. So, in terms of return, on investments, this is the best place you can invest.
- So if you have businesses that would want to partner with Nigeria to develop the mining sector for export, the Nigeria Export-Import Bank will be willing to work with you and support that aspect to grow the sector.
Read more: https://www.investingport.com/nexim-discloses-that-investors-in-nigeria-earns-30-on-roi/