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NEXIM to remove trade barriers in West Africa

By on February 22, 2013

Managing Director of the Nigerian Export Import Bank (NEXIM), Mr. Roberts Orya has reaffirmed the commitment of Nigeria’s trade policy bank to removing trade barriers and promoting seamless commercial exchanges among Economic Community Of West African States (ECOWAS) member states.

In a statement issued by the bank’s Head of Corporate Communication, Mr. Chinedu Moghalu, the borderless alliance fosters change by revealing trade inefficiencies throughout the region.

The statement further pledged the commitment of the boderless alliance to improving the operations and processes of the ECOWAS trade liberalisation scheme and the ECOWAS road transit scheme.

The alliance also pledged to invigorate the implementation of the macroeconomic policy convergence and policy harmonization.

While identifying the major problem of trade within the West Africa sub-region as transport and infrastructure, Mr. Orya stated that NEXIM bank is committed to facilitating the removal of trade barriers to commercial exchanges among member states even beyond the sub-region.

Mr. Orya further disclosed that the bank also undertakes research to find out the most paralyzing obstacles to producers, traders, buyers and investors with the findings and data published as a way to pressure decision makers to change policy to help develop their economies.