ProvidusBank Reaffirms Support for Non-oil Export Business

Nume Ekeghe

ProvidusBank has reaffirmed its dedication to assisting its clients in fostering a sustainable export-driven domestic economy.

The Managing Director/Chief Executive Officer, ProvidusBank, Mr. Walter Akpani, stated this in his welcome address at the financial institution’s hybrid 3rd Non-Oil Export Summit held in Lagos.

Akpani, who was represented by the Deputy Managing Director, ProvidusBank, Mr. Kingsley Aigbokhaevbo, said that Non-Oil Export Summit series was introduced as part of the lender’s desire for continuous collaboration with major stakeholders in the non-oil export space.

According to him, the summit enables the bank to solidify its support for its stakeholders in agri-business, mining and metals, African fashion and general trading businesses within Nigeria, thereby creating opportunities for growth in export volume and trade earnings.

The ProvidusBank boss, who disclosed that the latest edition of the summit, focusing on the theme, “The pathway to growing Non-Oil Export in Nigeria,” follows previous successful ones held in the fourth quarter of 2022 and in the 2nd quarter of 2023, said that Fashion Export was included in the third edition of the event, because the bank wanted, “to beam strong ray of light on the earning possibilities embedded in African fashion export,” even as it continues to upscale capacity in the agric business, mining and metals.

He said: “As a future forward bank, we have advanced in our support for export business through template settings and other ambitious strategies to gain a significant share of market in the Business. This event is therefore in advancement of the Central Bank of Nigeria’s objectives towards a sustainable and self-sufficient growth in non-oil export business in Nigeria.”

In his speech at the summit, the Executive Director/Chief Executive Officer, Nigeria Export Promotion Council (NEPC), Dr Ezra Yakusak, who was represented by the Regional Coordinator, NEPC’s South-West Regional Office, Mr. Akintunde Folorunsho, commended ProvidusBank for its support non-oil export business.

In his presentation, the Managing Director, Nigeria Export-Import Bank (NEXIM Bank), Mr. Abba Bello, who was represented by the Head of the Bank’s Lagos Regional Office, Daniella Jarikre, focused on the bank’s mandate and how it has funded a lot of exporters to record significant growth in their businesses.