Best African Development Bank 2013

by Developed Africa 5. February 2014 09:00

NEXIM has been rated as the Best African Development Financial Institution of 2013

The Association of African Development Finance Institutions (AADFI) is an organisation which co-ordinates cooperation between African financial institutions with the goal of promoting development across the continent. And it is they who have ranked NEXIM at the top of the list of African development institutions of 2013.

The Managing Direcotr of NEXIM Bank, Mr Roberts U. Orya sees the 'A' rating by AADFI as a well-deserved reward for all the hard work, painstaking commitment and dedication."

As it would appear that previous to 2009 the bank was failing in its commitments to the goals of economic and social development, but as Mr Orya explains, the hard work he and his team put in to the bank to improve its contribution and status have paid off. 

In terms of developmental impact in Nigeria's economy, the Bank, through its funding interventions, generated/sustained over 21,075 direct jobs, in addition to many indirect jobs and facilitated the generation of estimated $250.32 million annually in foreign exchange earnings"

And whilst AADFI have said that the review was not done as a competition, it is clear that announcing the best financial institution of the year may in fact bring the work of such institutions to the forefront of people's minds, as well as pushing the banks to strive even harder for greatness.

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