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NEXIM Bank urges SMEs in South-East, Delta State to access N500bn ESF

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By Joseph INOKOTONG
The Nigerian Export-Import Bank (NEXIM) has called on export-oriented Small and Medium Entrepreneurs in the South-east and Delta States to access the N500 billion Export Stimulation Facility (ESF) and the N50 billion Export Development Fund being managed by the Bank to boost their businesses.
The money would also enhance more jobs creation, and contribute to the foreign exchange revenue earnings of the country.
This call was made in a statement by the Managing Director and CEO of NEXIM, Mr. Abba Bello, and made available by the Bank’s Enugu Regional Office after a one-day seminar on “Leveraging NEXIM Bank Facilities to Unleash your Export Potential.”
The seminar took place at the Oaklands Centre, Enugu, organised by the Bank and the SME Centre, Enugu.
The facilities were made available to NEXIM Bank last December and will lend at a maximum of 9% interest rate.
They funds were designed to redress the declining export credit to SMEs and reposition the non-oil sector to increase its contribution to the country’s revenue generation and economic development.
The improved export financing for non-oil exporters will enable them to upscale and expand their businesses and improve their competiveness.
Speaking on behalf of the Bank’s MD/CEO, the Head of the Bank’s Enugu Regional Office, Mr. Chinedu Moghalu stated that the funds are being made available to the NEXIM by the Central Bank of Nigeria at a time the Bank has decentralized its operations to all the regions of the country for easier accessibility of its products and services to maximize their impacts.

According to him, “NEXIM Bank is determined to ensure these funds achieve the desired impact of triggering non-oil export development, growth and economic progress in line with its mandate as the Trade Policy Bank of the Federal Government and the applicable CBN guidelines for the implementation of the facilities.”

A statement issued by the Nigerian Export-Import Bank (NEXIM), Enugu Regional Office said the representative of the Enugu State Governor and Special Assistant on SME Development, Anayo Agu, stated that the programme has come at the right time.
According to him, “the opening of NEXIM Bank Regional Office for the South-east and Delta States in Enugu, and the invitation to the SMEs to access affordable non-oil export facilities, had been the missing link in the efforts of various Governments in the region to derive maximum benefits from their investments in the SME value chain, especially in the agriculture and other non-oil sectors. It provides us the platform to reach heights we could only dream about before now.”
The objectives of the ESF as contained in the CBN guidelines are to: a) Improve access of exporters to concessionary finance to expand and diversify the non-oil export baskets; b) Attract new investments and encourage re-investments in value-added non-oil exports production and non-traditional exports; c) Shore up non-oil export sector productivity and create more jobs; d) Support export oriented companies to upscale and expand their export operations as well as capabilities; e) Diversify and increase the level of contribution of non-oil exports revenue towards sustainable economic development; and f) Broaden the scope of export financing instruments.
The transactions permissible for funding under the ESF include, export of goods wholly or partly processed or manufactured in Nigeria; export of commodities and services, which are permissible and excluded under existing export prohibition list; imports of plant and machinery, spare parts and packaging materials, required for export oriented production that cannot be produced locally.
Other businesses eligible under the ESF are export value chain support services such as transportation, warehousing and quality assurance infrastructure; resuscitation, expansion, modernization and technology upgrade of non-oil exports industries. Stocking facility and working capital can also qualify for funding under the ESF.
Potential applicants to the ESF can either send their requests through their local commercial banks or directly to NEXIM as the revised CBN guidelines assigns the Bank a dual role of both manager and participating financial institution.
The N50 billion Export Development Fund will be managed by NEXIM and implemented in collaboration with the State governments.
NEXIM has earmarked at least N1 billion for each State under the State Export Development Programme component aimed to catalyse and incentivize export investment to promote diversification and industrialization.
Through the Programme, NEXIM Bank will also have a programme for Women/Youth Development, especially to provide support to industries that are involved in Apparel/Garmenting, Cashew, Shea, etc.
The Central Bank Governor, Mr. Godwin Emefiele had stated at the announcing of the funds in December 2017 that the ESF can also be implemented by adapting the Anchor Borrowers Programme framework while promoting the PAVE initiative.

According to Moghalu, “The overall aim of the ESF and EDF is to lower the costs of Nigerian exporters so that their products can be priced at a level where they can compete with other products around the world.”
The NEXIM Bank Regional head urged eligible export-oriented companies in the Southeast and Delta States with permissible transactions under the schemes to participate in the funding scheme by submitting proposals for consideration through the financial institutions of their choice or directly to NEXIM Bank.
He emphasised that as Nigeria’s sole export credit agency, NEXIM Bank remains the only window through which the Government can provide export financing for non-oil products and services.
Thanking the participants and other stakeholders on behalf of the NEXIM MD, Mr. Moghalu gave assurance that the Bank is committed to working assiduously, in line with its mandate, to fully realise the objectives of the schemes and stated a readiness to provide the necessary advice, additional information or clarifications as may be required.
He thanked the Nigerian Export Promotion Council (NEPC), the Manufacturers’ Association of Nigeria (MAN), the commodity associations and other organised private sector for their relentless technical support, partnership and collaboration as well as the commitment to work with the Government and private sector in Nigeria to diversify the economy, create jobs, boost industrial production and exports.
Other participants at the seminar were Southeast Government officials; representatives from the members of various chambers of commerce and industries; SME professionals in the banking sector; as well as the media.

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Former IGP Abubakar Denies Online Report Criticizing Tinubu on Security Issues‎

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Former Inspector General of Police, Mohammed Dahiru Abubakar (rtd), has debunked a statement circulating online which allegedly quoted him as criticizing President Bola Ahmed Tinubu over the country’s security challenges.

‎The report, dated August 10, 2025, appeared on a little-known website and social media page under the name “ADC Vanguard.” It credited the retired police chief with remarks suggesting disapproval of the administration’s handling of national security.

‎In a statement issued by his media aide, Mahmud Bello on Monday, the former IGP described the publication as “false, malicious, and a product of mischief makers.” He stated that he had not spoken to the press, granted any interviews, or authorized anyone to speak on his behalf regarding the matter.

‎“I am a retired security executive enjoying my retirement. I am apolitical and do not involve myself in partisan politics,” Abubakar said. “The statement credited to me should be disregarded, dismissed, and discountenanced in its entirety. It is a figment of the writer’s imagination, created to malign my image and reputation built over the years.”

‎He further urged Nigerians to avoid spreading unverified claims that could “unnecessarily heat the polity,” and called on political leaders to place national interest above personal ambition.

‎The former IGP’s reaction comes amid rising concerns over fake news and misinformation in Nigeria’s political space, with growing calls for caution and accountability in public discourse.

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Lebanese expatriate worker sues GOC 2 Div, others, for alleged unlawful detention, demands N2bn as damages

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Ibrahim Nassar, a Lebanese expatriate worker with Phoenix Import and Export Limited in Kwara State, has gone to the Federal High Court, Ilorin Division, seeking an order compelling the Nigerian Army to release him immediately from his four-month detention without trial.

In a suit filed on his behalf by his counsel, the applicant identified himself as a citizen of
Lebanon with a valid passport and a lawful resident in Nigeria with a validly issued
Comprehensive Expatriate Residence Permit, and that he has been living and working
with Phoenix Import and Export Limited, Kaiama in Baruten Local Government Area,
Kwara State for some time now, without any criminal record.

In the Suit No. FHC/IL/CS/87/2025 between Ibrahim Nassar (Applicant) and the General Officer, Commanding 2 Division, Nigerian Army, Ibadan, Major-general Obinna Onubogu; the Chief of Army Staff and; the Nigerian Army (as 1st, 2nd and 3rd Respondents, respectively), the Lebanese complained that he was unlawfully arrested on 9th May, 2025 by the officers of the 2nd respondent at the instruction or command of the 1st respondent.

According to Nassar, he was detained for many days and was released by the Department of State Security (DSS) when he was not found culpable for any criminal activities. He said he was re-arrested on the 16th June, 2025 and has since been in detention up to now without any criminal charge against him.

Describing his arrest and detention without any justification as illegal, unwarranted, wrongful and unconstitutional, the Lebanese further told the court that he is both asthmatic and diabetic, among other serious medical conditions, and need to seek medical attention.

He alleged that while in the detention of the respondents, he was humiliated, tortured and harassed in order to self-incriminate himself, which he stood his ground against.

He further alleged that he was treated inhumanly as he was detained in a very dark and fearful confinement like a common criminal. In addition, he claimed that he was not fed well and when he ought to be fed, he was just given a very small portion of any meal available not minding the fact that he is not a Nigerian who is no exposed to any sort of foods.

The application by Ibrahim Nassar for an order for the enforcement of his fundamental
Human rights under the Constitution of the Federal Republic of Nigeria 1999 (as
amended), the African Charter on Human and Peoples Rights (Ratification and
Enforcement) Act CAP A9 LFN 2004, United Nations declaration of Human Rights, 1948,
and Fundamental Rights (Enforcement Procedure) Rules, 2009, was filed by his counsel,
Prof. M.T. Adekilekun Esq, leading Shareef Mohammed Esq., Prof. A.O. Sambo, Oludare
W. Akanbi, Esq, Maryann Osuyak (Miss) and, A.S Adeyemi, Esq.

In the suit, Ibrahim Nassar is also seeking an order and declaration of the court that his continuous arrest, detention, humiliation, torture, inhuman treatment and harassment by the respondents is unlawful, illegal, ultra vires and grossly violates the provisions of the Constitution of the Federal republic of Nigeria (as amended), the African Charter on Human and peoples’ Rights (Ratification and Enforcement) Act, United Nations Declaration of Human rights, 1948.

He is also seeking an order of the court that he be paid exemplary and aggravated damages in the sum of One Billion Naira (N1, 000, 000, 000) only against the respondents jointly and severally as a result of the infringement of his fundamental rights to personal liberty and dignity of human person, harassments, intimidation, threats and public ridicule occasioned by the Respondents on the applicant.

In addition, Nassar is demanding payment of another One Billion Naira (N1, 000, 000, 000) as General Damages against the respondents jointly and severally for his unlawful detention, as well as an order of perpetual injunction restraining the Respondents by themselves, their officers, servants, agents and privies from: (i) arresting, threatening, intimidating, restraining, harassing and humiliating him or threats thereof.

In an affidavit in support of originating motion for enforcement of fundamental human
right of the applicant, one Vandi Vatiki of Czar Farms Limited, Oke oyi, Ilorin Kwara
State and Phoenix Import and Export Limited, averred that sometime on 9th May, 2025, “the officers of the Nigerian Army (the 3rd respondent) came in a gestapo manner, fully armed with weapons, and bumped into the hotel room of the applicant in Kaiama, Baruten Local Government Area, Kwara State and arrested him without warrant of arrest and any offence alleged against him.

“That when myself and applicant’s co-Lebanese present made enquiries as to the
offence committed by the applicant, no any reason whatsoever was given.

“That I know as a matter of fact that the applicant was first taken to Sobi Barracks
where he was detained unlawfully and after sometime was transferred to 2nd Division
of the Nigerian Army, Odogbo Barracks, Ibadan, Oyo State.

“That the applicant was detained without any offence alleged against him for more than
two weeks and every attempt to get the applicant released proved abortive.

“That one of the steps taken to ensure the release of the applicant was the
engagement of Rashidi Isamotu Esq., to apply for the release of applicant who upon
being engaged wrote a letter titled: “Request for Release of Ibrahim Nassar” dated 20th
May, 2025 to the 1st respondent.

“That instead of the 1st respondent to yield to the simple request since nothing
incriminating was traced to or found with the applicant, he ordered the transfer of the
applicant to the office of Department of DSS Oyo State Command, Ibadan for profiling
and further investigation, having spent two weeks with them at Odogbo Barracks,
Ibadan’

“That the office of DSS in Ibadan, upon proper profiling and investigation of the
applicant, found him not culpable for any offence hence, found no reason why it should
keep the applicant in their custody and consequently transferred the applicant to Kwara
State Command, Ilorin, the state where the applicant was arrested.

“That on getting to Ilorin, the DSS in Ilorin too found nothing incriminating about the applicant and consequently released the applicant without any further delay or hindrance whatsoever.

“That the applicant thought the storm was over and was making attempt to settle down
and attend to his health which has deteriorated due to the unlawful detention,
humiliation and torture meted against him by the 1st respondent and other officers of
the 3rd respondent, he was re-arrested on the 16th June, 2025 by the officers of
the 3rd respondent at the mandate and command of the 1st respondent without warrant
of arrest.

“That the applicant upon being re-arrested on 16th June, 2025 was taken straight to
Odogbo Barracks of the 2 Division of the 3rd respondent like the previous arrest and has
been unlawfully and wrongfully detained since then under the watch of the 1st
respondent who the 2nd respondent failed to check (despite having knowledge of the
unlawful arrest) without any crime alleged against or charge framed against him till
now.

“That attempt was made to secure the release of the applicant again by still engaging
the services of Rasidi Isamotu Esq to write a complaint to the Chief of Army staff, the
2nd respondent in respect of the conduct of the 1st respondent and his officers on the
unlawful detention of the applicant.

That the said Rashidi Isamotu wrote the complaint on the 19th June, 2025 and same
was received and acknowledged by the office of 2nd respondent at Army Headquarters,
FCT, Abuja on the 26th June, 2025.

“That the family and friends of the applicant are in disarray now as nothing is even
heard of the applicant again, making them to be subjected to psychological torture, to
the point that other expatriates working with our company are now living in fear and
trembling as a result of the illegal action of the respondents.

“That sequel to the above, many (if not all) of our expatriates have left the country because they feel that their lives are not safe and secured with the inhuman treated made against the applicant coupled with the unlawful arrest and detention. It could be anybody.

That the applicant has not been charged with any offence before any court of Law in
Nigeria.

“That if this Honourable Court do not intervene as a matter of urgency the life of the
applicant is under imminent threat and may lead to his death.

That unless this application is granted, the applicant will continue to suffer violation of
his fundamental rights of freedom of movement and personal liberty as well as dignity
of human person.

As of the time of this report, the 2nd Division of the Nigerian Army and the Nigerian Army headquarters, Abuja, were still to respond to a message sent over the weekend, seeking their comments on the allegations by the Lebanese.

No date has been fixed for the hearing of the suit.

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Oluwole Foundation Lifts 70 Branch Members Of C&S Church in Ilorin

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Stephen Olufemi Oni, Ilorin

Barely a month after empowering no fewer than 70 members at the headquarters of the Cherubim and Seraphim Movement Church Worldwide in Ilorin, the Kwara State capital, the Oluwole Foundation has extended the noble gesture to 24 branches of the Church within Ilorin metropolis and Oke-Oyi.

In the new dispensation, the Oluwole Foundation provided material and financial support to additional 70 beneficiaries, costing the Foundation about N37m.

Fielding questions from journalists on the sideline of the programme, the Chairman of the Foundation, Pastor Moses Ademola Popoola, said the extension of the empowerment programme this year to the branches of the Church was in obedience to divine instruction and as a means to tackle poverty within the Church community.

“We have 62 branches under our Church, but this is the first time we are going beyond our headquarters. For now, we have covered 24 Churches and empowered 70 people, spending close to N37 million. This is not just charity; it’s also evangelism. Some people will not be converted through preaching but through welfare,” Pastor Popoola explained.

He urged beneficiaries to take the gesture seriously, work hard, and extend help to others, assuring the congregants of further expansion of the empowerment programme to cover more beneficiaries in the coming years.

“They should not see this as a national cake. Be prudent, save, grow your business, and from what you have, help someone else. That way, we help the family, society, and the nation,” he cautioned.

Pastor Popoola also called on other foundations, especially those owned by Christians, to carry out their work with sincerity, rather than for personal gain. “This service is first to God, then to society. When we help people genuinely, we reduce poverty, crime, and unemployment.”

The cleric, however, stressed the need for the government to prioritise agriculture and rural development in order to tackle poverty and unemployment ravaging the nation.

He added: “Every wealthy nation built its economy on agriculture. So, government should secure our farmlands, provide tractors, and support our farmers holistically. Let each region focus on its strength, like cocoa in the West and groundnut in the North. We must also develop rural areas with electricity, motorable roads, hospitals, and jobs to curb rural-urban migration.”

One of the beneficiaries, Mrs Janet Shaba, who expressed gratitude to the Oluwole Foundation for the kind gesture, promised that they would make judicious use of the items received.

End

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