The Africa Export-Import Bank (Afreximbank) disclosed yesterday that its investment in the Nigerian economy stands at over $17 billion .

Afreximbank President, Dr. Benedict Oranmah, who spoke at the ground-breaking ceremony of the Anglophone Regional Office, in Abuja, stated that the decision to invest in the Nigerian economy was in appreciation of the critical role the nation played in the bank’s formation, and the demonstration of a strong support by strengthening its capital base.


He said, “Approvals to various corporate organisations including indigenous oil firms and banks and government entities, are in excess of $17 billion.”

According to Oranmah, the Regional Office would strengthen closer and continuous relationship between the bank and Nigerian government entities and businesses.

In her address, the Minister of Finance, Mrs. Kemi Adeosun, said Nigeria invested an initial $50 million, becoming one of the largest shareholders of the Bank which helped to attract the interest of others in the equity participation of the Bank.

“Just like many other member countries of the Bank, Nigeria continues to support the Bank’s capital mobilisation by reinvesting its dividends in the Bank’s capital.

“Since inception, the bank has been very active in Nigeria. This is reflected by the institution’s consistent support to corporate and government entities through financing and advisory services, and significant financial and technical supports to Nigeria, with the country’s share of total loans averaging more than 40 per cent of the Bank’s aggregate,” Adeosun said.

The minister expressed optimism that the construction of the Regional Office complex would also create job opportunities for Nigerian youth, generate business opportunities for entrepreneurs to venture into the bank, and by extension, financial support to our private sectors.

http://www.akelicious.net/2018/07/afreximbank-invests-17bn-in-nigeria.html

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DoyenExchange:
How would the masses benefit from your services?

They meet with Hadi Sirika, they would be investing in the national carrier which would be unveiled sometime next week in the UK airshow.

If this government can pull off this national carrier thing by the December slated date, they definitely had achieved something commendable, as it would create thousands of jobs directly and indirectly, it would also improve the image of Nigeria, our national carrier (Nigerian airways) died in the 90's.

imagine if they also invest in other areas, the jobs that would be created.

good one

Nigeria the investors heaven

How would the masses benefit from your services?

Mrakeli:

The Africa Export-Import Bank (Afreximbank) disclosed yesterday that its investment in the Nigerian economy stands at over $17 billion .

Afreximbank President, Dr. Benedict Oranmah, who spoke at the ground-breaking ceremony of the Anglophone Regional Office, in Abuja, stated that the decision to invest in the Nigerian economy was in appreciation of the critical role the nation played in the bank’s formation, and the demonstration of a strong support by strengthening its capital base.


He said, “Approvals to various corporate organisations including indigenous oil firms and banks and government entities, are in excess of $17 billion.”

According to Oranmah, the Regional Office would strengthen closer and continuous relationship between the bank and Nigerian government entities and businesses.

In her address, the Minister of Finance, Mrs. Kemi Adeosun, said Nigeria invested an initial $50 million, becoming one of the largest shareholders of the Bank which helped to attract the interest of others in the equity participation of the Bank.

“Just like many other member countries of the Bank, Nigeria continues to support the Bank’s capital mobilisation by reinvesting its dividends in the Bank’s capital.

“Since inception, the bank has been very active in Nigeria. This is reflected by the institution’s consistent support to corporate and government entities through financing and advisory services, and significant financial and technical supports to Nigeria, with the country’s share of total loans averaging more than 40 per cent of the Bank’s aggregate,” Adeosun said.

The minister expressed optimism that the construction of the Regional Office complex would also create job opportunities for Nigerian youth, generate business opportunities for entrepreneurs to venture into the bank, and by extension, financial support to our private sectors.

http://www.akelicious.net/2018/07/afreximbank-invests-17bn-in-nigeria.html

APC 2019 election gimmicks.

martyns303:
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They meet with Hadi Sirika, they would be investing in the national carrier which would be unveiled sometime next week in the UK airshow.

If this government can pull off this national carrier thing by the December slated date, they definitely had achieved something commendable, as it would create thousands of jobs directly and indirectly, it would also improve the image of Nigeria, our national carrier (Nigerian airways) died in the 90's.

imagine if they also invest in other areas, the jobs that would be created.

stop wasting ur thoughts.

Ofcourse! Election is just few months away

In reality, its only 17m naira investment

Another story again. When the masses didn't feel it, I wonder where the money was invested m

Our economy is a make believe one and is there to help tunnel oil cash to parasites.

$17b
I don't believe this.

Did the money circulate or it just entered a few pockets? I expect President Buhari to ensure that from next year till 2023 all revenues from Nigeria's oil trickle down to even the poorest of the poor.

Everyone deserves hope.

https://www.youtube.com/watch?v=fFcgmO0poCM

Nigeria Gets $1 Billion Debt Offer from Afreximbank

I don't like commenting on business thread as its more on paper than in reality....... shalom!

martyns303:
.

They meet with Hadi Sirika, they would be investing in the national carrier which would be unveiled sometime next week in the UK airshow.

If this government can pull off this national carrier thing by the December slated date, they definitely had achieved something commendable, as it would create thousands of jobs directly and indirectly, it would also improve the image of Nigeria, our national carrier (Nigerian airways) died in the 90's.

imagine if they also invest in other areas, the jobs that would be created.

Your set that think there's something wrong with Nigerian image and can be redeemed by petty stuff alludes me. I don't get the class of people we have in this country. Critical thinking should be a course in the University and compulsory.
What rubbish will improve Nigeria's image ? And what image are you talking about? That we will suddenly get rich and over take India ? Or we will be secured and tourism will boom? Or lives will now matter to Buhari and gangstas?
A national carrier is nothing if there's no toursim and you can't get touriam boosted without security and power.

Name one nation that has a national carrier without developing their tourism sector?
We will keep going in circles even in the next 50 years because like the simple way out things which in the long don't solve the core issues.
I bet this same carrier will be marred by nepotism and corruption.

Since I was a little kid, I don dey hear billion dollar investments here and there, but still, the level of poverty steadily increases.



I need a VISA