Lagos - Roberts Orya, the Managing Director and
Chief Executive Officer of the Nigerian Export-Import Bank (NEXIM), has been elected as the new Honorary President of the Global Network of Export-Import Banks and Development Finance Institutions (G-NEXID).
This follows the conclusion of latter's tenth Annual General Meeting at the Palais des Nations, Geneva, Switzerland.
Orya thanked the members for his election.
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"I see my election as a privilege to serve and continue in the giant strides already made by my predecessors towards forging and fostering a strategically vibrant and mutually beneficial South-South trade relationship. It is also an honour to my country, Nigeria, which is the largest economy in Africa especially as we have just concluded a very peaceful Presidential election."
Orya lauded the outgoing Honorary President, Rubens Amaral Jr.
G-NEXID, with a membership of 24 institutions, was established in 2006 at the joint initiative of Exim Bank of India and UNCTAD, as a platform to boost South-South trade and investment relations.
The primary objective of the network was to serve as a channel to bridge the gap between financing of trade and the achievement of the development goals of developing and emerging economies by fostering South-to-South trade flows.
Specific to this goal was tackling the difficulties associated with access to trade finance in the fragile markets of the South aimed at spurring and stabilizing economic growth.
Orya is the fourth Honorary President of the G-NEXID.
- CAJ News