Nigeria has so far received a cumulative disbursement of approximately $52 billion from the African Export-Import Bank.
This makes the country the largest beneficiary of the bank’s trade and development financing across Africa.
President and Chairman of the Board of Directors of Afreximbank, Prof Benedict Oramah, disclosed this at the Afreximbank Annual Meetings 2025 Signing Ceremony in Abuja.
According to him, “being the largest recipient of the bank’s trade and development finance, Nigeria has attracted a cumulative disbursement of about $52bn from Afreximbank. Nigeria is the first beneficiary of a number of flagship transformative projects that the bank is piloting.”
He thanked the Nigerian government for its continued support of the bank, particularly in responding positively to capital calls and removing regulatory hurdles that could have affected the bank’s operations in the country.
Oramah pointed out that Nigeria’s contributions had ensured its strong voice in the bank’s affairs, allowing it to play a critical role in shaping Afreximbank’s future.
He further stated that over the past decade, Afreximbank had disbursed no less than $140 billion across Africa.
These interventions, Oramah explained, had helped bridge financing gaps left by the retreat of international banks from the continent, driving economic transformation and reducing Africa’s dependence on commodity exports.
He said Afreximbank had played a key role in industrialising the continent, turning several African economies into major industrial hubs.
Oramah pointed out that the bank’s interventions had facilitated the implementation of the African Continental Free Trade Agreement by supporting the AfCFTA Secretariat and fully underwriting several initiatives aimed at boosting intra-African trade.
He also stated that Nigeria had been a major recipient of the bank’s investments in critical sectors.
Among the key initiatives he highlighted was the African Quality Assurance Centre, developed to help ensure Nigerian goods meet global trade standards.
He said the first centre was already operational in Kaduna, with additional facilities being planned across the continent.
Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, expressed Nigeria’s appreciation for the support from Afreximbank.
