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Non-Oil Export Stimulation Facility (NESF)

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The Non-Oil Export Stimulation Facility was introduced in 2017 by the Central Bank of Nigeria (CBN) to diversify the revenue base of the economy and to expedite the growth and development of the non -oil export sector. The facility aims to redress the declining export financing and reposition the sector to increase its contribution to economic development.


The objectives of the Facility are to:

  • Improve access of exporters to concessionary finance to expand and diversify the non-oil export baskets;
  • Attract new investments and encourage re-investments in value-added non-oil exports production and non-traditional exports;
  • Shore up non-oil export sector productivity and create more jobs;
  • Support export-oriented companies to upscale and expand their export operations as well as capabilities; and
  • Broaden the scope of export financing instruments.

FAQs and Answers

Questions Answers
1 What is the main objective of the Intervention? To diversify the revenue base of economy and to expedite the growth and development of the non-oil export sector of the economy.
2 What is the maximum amount that an Obligor can access under the programme? N5, 000,000,000 (The facility shall not exceed 70% of verifiable total cost of the project.)
3 What is the tenor of the facility? Working Capital: 1-2 years Term Loan: 10 years maximum but shall not exceed 2027
4 What is the interest rate on the facility? 9%
5 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 3.1.3 of the NESF Guidelines
6 Who are the Eligible Participating Financial Institutions (PFIs)? All Deposit Money Banks (DMBs) and NEXIM Bank
7 What are the procedures for Application? 1. Submission of request to CBN through a Participating Financial Institution (PFI)
2. Documentation requirement shall be accompanied as required on the NESF guideline section 6.2 to 6.4

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