Afreximbank’s financing to Nigeria’s economic system exceeds $50 billion – Edun 

Nigeria’s Minister of Finance and Coordinating Minister of the Financial system, Wale Edun, has stated that the African Export-Import Bank (Afreximbank) has offered over $50 billion in financing to Nigeria for main tasks.

Talking on the thirty second Afreximbank Annual Conferences 2025 in Abuja, Edun highlighted the numerous function Afreximbank has performed in Nigeria’s financial transformation.

“Growth financing by Afreximbank to Nigeria had exceeded 50 billion {dollars},” he stated.

Key Initiatives and Initiatives 

Afreximbank’s financing has supported varied initiatives. These embody

• African Commerce Centre: A $120 million facility in Abuja designed to advertise intra-African commerce and funding
• African Medical Centre of Excellence: A $750 million state-of-the-art medical facility in Abuja specializing in oncology, cardiology, and hematology
• Personal Sector and SMEs: Afreximbank has offered assist to the personal sector and Small and Medium-Scale Enterprises (SMEs) in Nigeria

Dedication to Afreximbank 

Edun emphasised Nigeria’s dedication to supporting Afreximbank by way of capitalization, regulation, and partnership.

He urged different member international locations to observe swimsuit, making certain Afreximbank stays a robust, secure, and impactful establishment.

“Our era should be remembered as builders of a united, affluent Africa. The time is now. Allow us to be a bridge to the long run, to share wealth, deeper cooperation, and enduring peace,” Edun said.

Afreximbank’s Affect 

Edun celebrated Prof. Benedict Oramah’s strategic management and dedication to Africa’s prosperity, noting that his tenure as President and Chairman of Afreximbank has been marked by vital achievements in selling African commerce and financial integration.

“That is his final AGM as President and chief of Afreximbank. We congratulate you and welcome you to this celebration of you and what you’ve got achieved,” Edun stated.

What You Ought to Know  

• Afreximbank has been instrumental in selling African commerce and financial integration.
• Initiatives such because the Pan-African Cost System, African Free Commerce Space Adjustment System, Transit Assure System, and Annual Worldwide Commerce Truthful have been essential in fostering financial cooperation amongst African nations.