NEXIM Bank, Indonesia Exim Sign Pact on Trade and Investment

The Indonesia Eximbank has signed a pact with the Nigerian Export-Import Bank (NEXIM Bank) to enhance cooperation and forge stronger relationships in promoting regional and global trade and investment between the two countries.

The MoU intends to foster trade, technical assistance, experience and information sharing, including other investment relations in a way that would promote financing, guarantees, insurance and counter trade instruments to increase transactions between Indonesia and Nigeria, NEXIM Bank said in a statement.

Mr Abba Bello, the MD/CEO, NEXIM Bank, told the Indonesia Eximbank team that NEXIM Bank will do all within its mandate with regard to the intentions expressed in the document.

He expressed hope that the MoU will strengthen Nigeria’s existing bilateral relations with Indonesia through increased technical assistance, promotion of non-oil export trade and other economic activities and thereby provide more support to the government’s efforts to diversify the economy.

In his response, the Managing Director of Indonesia Eximbank, Mr. Dwi Wahyudi, said he was hopeful that the MoU signed with NEXIM Bank would spur meaningful bilateral cooperation between the two countries for the promotion of the intentions expressed in the articles.

Source: DailyTrust

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