NEXIM to collaborate with Crown Agents to strengthen NEXIM’s productivity.
The Nigerian Export-Import bank, NEXIM, will collaborate with Crown Agents, the international development agency that specialises in strengthening in various sectors, to reinforce NEXIM’s human and technical capacities towards greater efficiency and productivity.
The top management of the two organisations met in Abuja on Wednesday to explore prospects of a working partnership to move the banks operational systems and processes forward for effective performance.
The Managing Director/CEO of NEXIM, Roberts Orya, who met with the Chief Executive of Crown Agents, Terence Jagger, lauded the expertise and commitment of the agency to help improve good governance and capacity of several public finance institutions, commercial and investment banks, as well as supply chains.
Such support, Mr. Orya said, had resulted in increased prosperity and poverty reduction in various communities and economies in the world. The NEXIM CEO said that the organisation is ready to work with Crown Agents in the areas of capacity building to strengthen both the bank’s staff capacity and those of its export-oriented clients in the Manufacturing, Agro-processing, Solid Minerals and Services, MASS, sectors.
He said NEXIM had in the past, accessed the expertise of The Crown Agents for its staff capacity training needs, noting that the bank’s greatest asset is its human capacity, which he said is incomparable to what is obtainable in any of Nigeria’s ministry, department or agency.
“The Bank is at the frontline of institutions that embrace robust enterprise-wide risk management framework, good corporate governance principles, smarter business processes, compliance with regulations and relevant government policies,” the NEXIM boss said.
“Without a sound and technically savvy workforce, there is no way the NEXIM bank would have been able to remain on track towards becoming the lead export development bank in Africa.”
Mr. Orya told Crown Agents team that NEXIM is a government trade policy bank that formulates and implements trade and industrial policy through collaboration with other institutions such as the Central Bank of Nigeria; Nigerian Export Promotion Council; Nigerian Investment Promotion Council, NIPC; National Directorate of Employment, NDE; Small and Medium Enterprises Development Agency of Nigeria; Nigerian Association Of Chamber Of Commerce Industry, Mines and Agriculture; Manufacturers Association of Nigeria; and Chambers of Commerce, Nigeria Economic Summit Group; in organising seminars on trade-related policy issues.
According to Mr. Orya, the Bank is facilitating the establishment of a Regional Sealink project that would connect West and Central African ports with a fleet of 3,000 to 5,000-tonne ships that would greatly reduce goods shipment times, while lowering the cost of business for regional companies.
In recognition of the Bank’s commitment to removing trade barriers within the sub-region, he said the Borderless Alliance has given NEXIM the right to host the 2014 Borderless Alliance Conference.
Mr. Jagger and his team said Crown Agents helps governments to reduce poverty, improve health and increase prosperity for sustainable development and growth with expertise extending to banking and asset management services targeted at raising revenue, managing debt and planning equitable expenditure.
He stated that Crown Agents could provide the NEXIM Bank with assistance in improving physical infrastructure and building sound organisational, financial and legal structures as well as identify sources of financing for some of its projects targeted at increasing prosperity for sustainable development and growth through their partnership with funding organisations and clients.
At the end of the meeting, the two CEOs agreed to delegate some senior-level officers from their organisations to brainstorm and come up with a framework for a mutually rewarding and sustainable human and technical capacity building programmes that would be suitable for the needs of all parties.