African Export-Import Bank (Afreximbank) president Benedict Oramah recently met Nasir Ahmad El-Rufai, governor of Nigeria’s Kaduna state, in Abuja to discuss how the bank can support the state’s economic development, including revival of cotton exports in value added form. The bank agreed to send a team to comprehensively study the cotton value chain there.
The study is expected to allow the development of a robust private sector-driven solution for value addition and to facilitate export of textile products from Kaduna State, a press release from the bank quoted Oramah as saying.
Afreximbank would support the initiative under its industrialisation and export development strategy.
El-Rufai also accepted Oramah’s invitation to Kaduna state to participate in the Intra-African Trade Fair being organised by the bank in Cairo from December 11 to 17 to promote trade among African nations.