The Non-Oil Export Stimulation Facility (NESF) was introduced by the Central Bank of Nigeria (CBN) to diversify the revenue base of the economy and expedite the growth and development of the non-oil export sector.
The facility will help redress the declining export financing and reposition the sector to increase its contribution to economic development.
The fund comprises the short-tenured working capital for 12 months as well as the importation of plants & machinery for processing of exportable goods at an all-in-interest rate of 9% p.a. It is meant to improve export financing, increase access of exporters to low-interest credit and offer additional opportunities for them to upscale and expand their businesses in addition to improving their competitiveness.
Features
Benefits
Eligible transactions that shall qualify for funding under the NESF shall include:
Market
Eligible transactions that shall qualify for funding under the NESF shall include:
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