The Nigerian Export-Import Bank (NEXIM) has engaged the services of foremost international consulting firm, KPMG Professional Services, to drive its transformational programme.
NEXIM Bankâ€™s Managing Director/CEO, Mr Roberts Orya, disclosed that the KPMG team had already commenced the enterprise transformation exercise aimed at placing the bank on a new performance pedestal being a critical component of Nigeriaâ€™s financial system.
He said the main objective of the exercise was to reposition the bank to effectively deliver on its mandate of providing export credit, insurance and guarantee facilities as well as trade information and business advisory services.
According to Mr Orya, being the Federal Governmentâ€™s export credit agency, a key objective of the transformation would be to position it as Nigeriaâ€™s export policy bank.
In that regard, he said the new board and management of NEXIM were of the view that the bank should be strengthened to play its role as the main agency of economic diplomacy while acting as a key instrument for the implementation of Nigeriaâ€™s trade policies.
This is more so given the Federal Governmentâ€™s expectation that NEXIM should be the arrowhead in governmentâ€™s drive to boost exports and diversify the economy.
NEXIM Bank, he added, decided to engage KPMG to handle its turnaround programme because its board and management were convinced that the bank could be positioned to be at par with the leading export credit agencies around the world.
â€œThe expectations are that NEXIM will be transformed to pilot the economic revival of the country through the achievement of economic growth and development through an export led recovery,â€ Mr Orya stated.
The NEXIM Bank boss said at the end of the exercise, the bank hoped to achieve a balance between the private sector model of efficiency and the Federal Governmentâ€™s economic drive in order to heighten its relevance as a proper export credit agency.