Shettima has hailed Afreximbank as a continental development anchor, saying it has disbursed over $100bn continent-wide and $52bn to Nigeria since 1993.
Vice President Kashim Shettima, on Wednesday, said African Export-Import Bank (Afrieximbank) had grown from a regional trade financier to a continental development anchor, having mobilised and disbursed over $100 billion and $52 billion across Africa and Nigeria, respectively, since its establishment in 1993 in Abuja.
Speaking in Abuja, at the opening of the 2025 Annual Meetings of Afreximbank, with the theme, “Building the Future on Decades of Resilience,” Shettima said the country will continue to work with the bank to deepen its partnership and align more closely with Africa’s development agenda.
Represented by Special Adviser to the President on Economic Affairs (Office of the Vice President), Dr. Tope Fasua, Shettima commended Afreximbank’s leadership, under Professor Benedict Oramah, for the unwavering commitment to Nigeria and Africa, at large.
Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, while commending its milestone, underscored the importance of institutional resilience as a vital foundation for building a strong and lasting economic future for Africa.
Cardoso urged Afreximbank to play a role in addressing the rising trade protectionism and shift in global dynamics.
President/Chairman, Afreximbank, Oramah, said over the past 32 years, the bank had mobilised over $250 billion into Africa, empowered industries long neglected by conventional financiers, and served as a lifeline during crises – from the COVID-19 pandemic to commodity shocks and broken supply chains.
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