The Nigerian Export-Import Bank will spend 285 billion naira ($1.84 billion) over the next five years to support non-oil exports from the country, ThisDay reported, citing Roberts Orya, the bank’s managing director.
Cocoa is Nigeria’s second-biggest foreign-exchange earner after crude oil, according to figures published by the Nigerian government.
By Vincent Nwanma
To contact the reporter on this story: Vincent Nwanma in Lagos via Accra at vnwanma@bloomberg.net.
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