“Can a government-owned export credit agency meaningfully diversify Nigeria's export base away from oil through concessionary lending and credit insurance?”
NEXIM is a wholly government-owned Nigerian Export Credit Agency (ECA) and development finance institution established by Act 38 of 1991, replacing the earlier Nigerian Export Credit Guarantee & Insurance Corporation. It is jointly owned by the Federal Ministry of Finance Incorporated and the Central Bank of Nigeria. NEXIM provides short/medium-term export credit, export credit guarantees, and export credit insurance to Nigerian exporters and participating commercial banks — it is not a retail bank and does not accept customer deposits. It plays a complementary role to Nigeria's commercial banks in diversifying the economy away from oil.
Nigerian Export Import Bank - NEXIM's lending and capital products are provided by Nigerian Export-Import Bank (in-house).
Nigerian Export Import Bank - NEXIM's embedded insurance is provided by Nigerian Export-Import Bank (in-house).
The Embedded Finance Index 2026 maps 2 layers in Nigerian Export Import Bank - NEXIM's stack: Lending (Nigerian Export-Import Bank (in-house), Rediscounting & Refinancing Facility (RRF) — 9% to Participating Banks, Export Stimulation Fund (ESF) — 3% to PBs, Stocking Facility (MPR-linked) and 6 others); Insurance (Nigerian Export-Import Bank (in-house)).
Nigerian Export Import Bank - NEXIM is founded in 1991 and headquartered in Garki, Abuja, Nigeria.
Nigerian Export Import Bank - NEXIM has raised N50,000,000,000 authorized share capital (government-owned) in total.
Get a read on where your own stack stands against Nigerian Export Import Bank - NEXIM and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.