President Muhammadu Buhari has approved the re-appointment of the entire executive management of Nigeria Export-Import (NEXIM) Bank for another term of five years.
The reappointment takes effect from April 10, 2022, following the expiry of their first tenure on April 9, 2022.
Information coming from the bank said that reappointment is based on the team’s exemplary performance and achievements in the discharge of their mandate.
The team is made up of Abba Bello as Managing Director and Chief Executive Officer, Dr. Bala Bello as Executive Director (Corporate Services), and Hon. Stella Erhuvwu Okotete as Executive Director (Business Development).
A statement said that the team has over the last five years worked tirelessly to reposition the Bank and significantly turnaround its performance.
It said that between 2017-2022, their leadership and direction has resulted in the growth of Bank Balance Sheet by 222%, and over800% growth in profitability.
The statement added that during the same period, the Bank’s intervention in the non-oil export sector grew by over 700%, adding that it also moved towards implementing of several intra Africa trade initiatives, including the Sealink project and Factoring.
“The Bank is also currently managing several non-oil export and intra-Africa trade support funds including the Nigeria – Africa Trade and Investment Promotion Programme NATIPP for deepening intra-Africa trade, the Nigerian Content Development and Monitoring Board (NCDMB) fund for Nigerian oil and gas services providers and the CBN Export Development Fund (EDF) amongst others.”
