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Export Development Fund (EDF)

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The Export Development Fund (EDF) was introduced in February, 2018 by the Central Bank of Nigeria with the sole aim of facilitating the Bank's quest to drive non-oil Exports. Financing under the scheme is via the issuance of a N150 billion debenture to the Nigerian Export- Import Bank (NEXIM) with the objective of stimulating and increasing funding especially to Small and Medium Enterprises (SME’s) to broaden Nigeria’s export portfolios.


  1. Improve access of exporters to concessionary finance to expand and diversify the non-oil export baskets.

  2. Attract new investments and encourage re-investments in value added non-oil exports production and promote non-traditional exports.

  3. Revamping/resuscitating export-oriented industries to create / sustain more jobs within the non-oil exports sector in Nigeria.

  4. Support the Bank’s beneficiary clients to upscale operational capacities and upgrade production systems to enhance competitiveness as well as expand their export operations and capabilitie.

  5. Diversify and increase the level of contribution of non-oil export revenue and value-added exports for sustainable economic development.

  6. Broaden the scope of export financing instruments and to complement other non-oil export financing schemes.


HOW TO APPLY: Obligors apply through NEXIM Bank.


1 What is the maximum amount that can be accessed under the intervention? 60% of the total project cost, subject to a maximum of the Bank’s single obligor limit.
2 What is the tenor of the facility? Term Loan: 9 years Working Capital: One year with the option of roll-over not exceeding twice on transactions.
3 What is the interest rate on the facility? 9%
4 Who are eligible to access the Facility? Any non-oil export-oriented enterprise that fulfills all the listed conditions of section 3.1.1 to 3.1.5 of the EDF guidelines
5 Who are the Eligible Participating Financial Institutions (PFIs) NEXIM Bank.
6 What are the procedures for Application? 1. Submission of request to NEXIM Bank. 2.Documentation requirement shall be accompanied as required on the EDF guidelines section 7.1
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