February 28, 2024
NEXIM Bank Unveils Digital Hub To Boost Cocoa Production
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NEXIM Bank Unveils Digital Hub To Boost Cocoa Production

The Nigeria Export-Import Bank has launched a digital hub, ‘Cocoa Connect Africa’ in a bid to boost cocoa production in the country.

while speaking on the sidelines of the International Cocoa and Chocolate Forum tagged, ‘Putting values in cocoa in producing regions,’ in Lagos State yesterday, the Managing Director, NEXIM Bank, Abubakar Bello, said the hub aims to bring every activity of all stakeholders in the cocoa industry under one platform.

The MD also noted that digital infrastructure was significant as it would help ease the stress of trade, adding that stakeholders of various commodities would be put under the digital platform.

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Mr. Bello added that the digital platform also aims to boost trade facilitation and set standards for traceability.

In her address, the NEXIM’s Executive Director, Business Development, Stella Okotete, said the Bank has supported Cocoa exporters with over N100 billion in the past seven years with all facilities performing and creating jobs for over 7,000 direct and 70,000 indirect jobs for Nigeria.

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