The Kano State government has revealed that processes have been concluded with the Nigerian Export-Import Bank (NEXIM) on the signing a N2 billion Memorandum of Understanding (MoU) under the state’s export development initiative.
This was disclosed to newsmen in Kano by the Special Senior Assistant to Kano State Governor on Business Development Alhaji Jamilu Umar Batayya.
According to him, the MoU is for a specific purpose of developing a framework for the facilitation of both party’s strategic economic diversification objectives as it relates to non-oil exports development especially the growth and development of the agricultural sector.
He explained that the state government under Governor Abba Kabir Yusuf, has been devising measures that will improve access to concessionary finance to expand as well as diversify the non-oil sector for exporters in the state.
According to him, the success of the MoU would attract new investments and also encourage re-investment in value-added non-oil production as well as promote non-traditional export activities.