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Nigeria Launches Export Trading Company to Boost MSME Global Competitiveness

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Nigeria Sets Up National Export Trading Company to Empower MSMEs and Boost Global Trade

In a strategic move to overhaul Nigeria’s trade infrastructure and unlock its export potential, the Federal Ministry of Industry, Trade and Investment (MITI) and the Nigeria Commodity Exchange (NCX) are partnering with the Africa Trade and Distribution Company (ATDC) to establish Nigeria’s first National Export Trading Company (NETC).

The initiative, now in advanced planning stages, will operate under ATDC Nigeria—an entity created by Afreximbank through the Fund for Export Development in Africa (FEDA), ARISE Integrated Industrial Platform (ARISE IIP), and Equitane, in collaboration with the AfCFTA Secretariat.

A Continental Vision for Regional Trade

ATDC was formed to enhance Africa’s productive capacity and streamline regional trade. It offers market intelligence, trade finance, logistics, and aggregation support to MSMEs, smallholder farmers, cross-border traders, and corporates. Through NETC, these services will be brought directly into Nigeria’s export ecosystem.

Announced during the inaugural West African Economic Summit Deal Room in Abuja—with President Bola Ahmed Tinubu in attendance—the NETC aims to empower Nigerian MSMEs to compete globally by providing access to capital, infrastructure, and international markets.

A New Platform for Inclusive Trade

NETC will be jointly operated by NCX and ATDC Nigeria. It will tackle persistent export challenges such as:

  • Lack of warehousing and storage infrastructure

  • Poor quality control and traceability

  • Inadequate transport and logistics systems

  • Limited access to global buyers

  • Gaps in trade financing for SMEs

By addressing these issues, NETC will help reduce post-harvest losses, promote structured commodity exports, and revitalize the NCX as a key institution for transparent commodity trading.

Driving Economic Transformation Through Trade

Dr. Jumoke Oduwole, Minister of Industry, Trade and Investment, called the NETC “a bold, market-driven reform to connect Nigeria’s production capacity to global value chains.” She emphasized that the NETC will transform the daily lives of producers by moving them from vulnerability to opportunity.

“We are designing a system that works for people, markets, and the future,” she said.

The trading platform aligns with Afreximbank’s pan-African strategy of building scalable, country-specific ecosystems that promote intra-African trade, private sector growth, and better trade infrastructure.

An Anchor for Nigeria’s Export Agenda

ATDC Nigeria will stand out among other African platforms due to its institutional strength and alignment with Nigeria’s industrial, food security, and trade development goals.

“ATDC Nigeria will serve as a catalyst for export readiness,” said Abdoul Aziz Ba, CEO of ATDC. “We’re building an ecosystem that helps producers tailor their output to market demands and strengthens local trade institutions like NCX.”

Policy Momentum and Regional Leadership

Oduwole also revealed that Nigeria recently concluded the first-ever five-year review of its AfCFTA implementation—becoming the first country to do so. Other milestones include:

  • Gazetting Nigeria’s AfCFTA tariff concessions

  • Championing Africa’s digital trade agenda

  • Launching the National Talent Export Programme (NATEP), which has placed over 2,000 Nigerians in global remote jobs

  • Opening a new air cargo corridor with 13 African countries in collaboration with Uganda Air and UNDP

“These actions reflect our deep commitment not only to Nigeria’s prosperity but to West Africa’s and Africa’s shared economic future,” Oduwole stated.

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Discover Life-Changing Digital Products You Can Buy Today on Selar

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In today’s world, knowledge is power—and the people who succeed are those who invest in themselves. Whether it’s learning a new skill, starting a side hustle, improving your finances, or building a healthier lifestyle, the right digital product can open doors to opportunities you never imagined.

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We are Hiring: Social Media Growth Ambassadors (2 Positions)

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Remote | Part-Time or Flexible Hours

Are you active on social media and passionate about business, jobs, and opportunities?
Do you know how to attract attention, spark engagement, and drive traffic online?
Then this opportunity is for you!

Role Overview:

We are looking for 2 dynamic individuals to serve as Social Media Growth Ambassadors for GlobabizEmpire.com — a trusted online platform for global jobs, business insights, and income opportunities.

Key Responsibilities:

  • Promote GlobabizEmpire.com consistently on Facebook, Instagram, WhatsApp, TikTok, or X

  • Share daily job updates, business news, and smart money tips from the website

  • Drive website traffic using content, trends, reels, and referral links

  • Respond to DMs/comments and convert viewers into website visitors

  • Provide weekly reports on reach, impressions, and traffic performance

What You’ll Need:

  • A strong presence on social media (min. 2,500 followers on at least one platform)

  • Great communication skills and social media creativity

  • Consistency and accountability

  • Passion for helping people grow their careers or income

What You’ll Get:

  • Monthly stipend + performance-based bonus

  • Opportunity to grow your personal brand with us

  • Free digital training + content materials

  • Certificate of Digital Advocacy (upon successful campaign)

How to Apply:

Send us a message with:

  1. Your full name

  2. Link to your active social media profiles

  3. Short message on why you are the perfect fit

  4. Screenshot of your past engaging post (if available)

Email: [email protected]
WhatsApp: +234 8153507382
Deadline: August 22, 2025

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NEXIM Bank and SMEDAN Partner to Strengthen SME Export Capacity Nationwide

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NEXIM Bank and SMEDAN Sign Landmark MoU to Boost SME Export Growth in Nigeria

In a bold move to strengthen Nigeria’s small business ecosystem, the Nigerian Export-Import Bank (NEXIM) and the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) have signed a groundbreaking Memorandum of Understanding (MoU) aimed at accelerating the growth and global competitiveness of Small and Medium Enterprises (SMEs) across the country.

 A Strategic Partnership for Economic Transformation

This MoU formalizes a strategic alliance between NEXIM and SMEDAN, focusing on:

  • Export financing and access to global markets

  • Tailored financial products for SMEs

  • Capacity-building and training programs

  • Promotion of Made-in-Nigeria products internationally

The collaboration is expected to streamline trade facilitation and offer Nigerian SMEs the tools and support needed to thrive in international value chains.

 Empowering SMEs for Global Competitiveness

Speaking at the signing ceremony, Abba Bello, Managing Director/CEO of NEXIM Bank, emphasized the significance of this partnership in preparing Nigerian SMEs to compete globally, particularly under the African Continental Free Trade Agreement (AfCFTA).

“This collaboration with SMEDAN is a critical step in our mission to empower Nigerian SMEs. By combining our financial instruments with SMEDAN’s development expertise, we are creating a robust support framework that enables small businesses to scale and succeed in export markets,” Bello said.

 Removing Barriers and Unlocking Opportunities

On his part, Charles Odii, Director-General of SMEDAN, noted that the agreement will help eliminate major hurdles that have long hindered SMEs from tapping into international markets.

“Our goal is to ensure Nigerian SMEs have not just the skills but also the financial backing to grow. This MoU with NEXIM Bank paves the way for real participation in global trade,” Odii remarked.

He also outlined key focus areas of the collaboration:

  • Providing export-oriented financing solutions

  • Offering expert training and advisory services

  • Simplifying export processes for MSMEs

🇳🇬 Aligning with Nigeria’s Economic Diversification Agenda

This partnership supports the federal government’s broader vision of economic diversification and inclusive growth, particularly through public-private partnerships that empower micro, small, and medium-sized enterprises (MSMEs).

 About the Agencies

NEXIM Bank, established under Act 38 of 1991, is Nigeria’s official Export Credit Agency, providing financing, risk management, and advisory services to support the development of non-oil exports.

SMEDAN, created by the SMIDA Act of 2003, is the federal government’s leading institution tasked with fostering the growth, sustainability, and global competitiveness of MSMEs across Nigeria.

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