In a significant move towards promoting economic growth and development across Africa, Nigeria has officially joined Afreximbank's Fund for Export Development in Africa.
This milestone coincides with the 30th anniversary of Afreximbank's establishment in Nigeria, highlighting the nation's enduring support for the institution's mission.
By joining FEDA, Nigeria gains access to long-term capital and investment opportunities that will contribute to its economic development goals, Afreximbank said in a statement.
"This significant achievement further strengthens the already robust partnership between Afreximbank and Nigeria... The partnership will enhance investments in sectors critical to the development journey of Nigeria," said Professor Benedict Oramah, President of Afreximbank and Chairman of the Boards of both Afreximbank and FEDA.
FEDA's growing membership now includes Rwanda, Mauritania, Guinea, Togo, South Sudan, Zimbabwe, Kenya, Chad, Republic of the Congo, Gabon, Sierra Leone, São Tomé and Príncipe, Equatorial Guinea, Ghana and Egypt.