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Home Latest Katsina gov’t partners NEXIM bank, to begin export of habiscus, sesame
Katsina gov’t partners NEXIM bank, to begin export of habiscus, sesame

Katsina gov’t partners NEXIM bank, to begin export of habiscus, sesame

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Katsina gov’t partners NEXIM bank, to begin export of habiscus, sesame 

Katsina state government is collaborating with Nigeria Export and Import Bank-NEXIM to facilitate the emergence of Exporters of Sesame (Ridi) and Habiscus( Sobo) to the outside world.
Governor Aminu Bello Masari disclosed this during a visit to the headquarters of NEXIM Bank in the central Business District, Abuja.

Alhaji Aminu Masari explained that the state government and the Bank had sometimes in katsina started the process of obtaining two billion Naira for provision to the value chain of producers and processors of the two commodities.

He expressed the hope that NEXIM now working in close collaboration with Katsina state Investment and property Development Company are putting finishing touches to documentation, which had reached 60 percent for the release of the 50 percent of the funds being sought amounting to one billion Naira.

He therefore used the visit to intimate the bank officials of the Green Industrial Park to house Green Economic Zone along Jibiya road in Katsina.

He said a company had shown interest to develop a textile park in the zone for Export of processed products to Niger Republic and Burkina Faso among others.

On the bank propose Exporters in the state, Governor Aminu Masari emphasized the need to involve government to ascertain the validity of the documents sent to the bank by such will be investors.

He assured that government would find more ways to cooperate with NEXIM Bank to ensure both profitability and corporate social responsibility are properly taken care of in the arrangements.

Alhaji Aminu Masari explained that Government will help the bank to have small and medium processors of sesame and Habiscus, stressing that already an Indian firm had shown that it will take up the investment in sesame processing for the farmers.

Before now, he said sesame and Habiscus could only be processed in Kano or Lagos for Exports.

Also speaking, the state commissioner of commerce, industry and Tourism, Alhaji Muntari Kado assured that the ministry would do the needful to make sure that the balance of 40 percent for obtaining the facility of sesame is provided.

The commissioner commended the Management of NEXIM Bank for having high quality staff that would actualise the programme in the state.

The Managing Director of Katsina state property Development Company, Alhaji Ahmed Ibrahim Karfi told the gathering that NEXIM Bank through the company would help sesame farmers to process their commodity for Exports to the outside world.

Alhaji Ahmed Karfi assured that the company would continue with the collaborative effort to make the facility available in the spirit of reducing the level of poverty and empowering farmers to become Exporters.

The Managing Director and chief Executive Officer of NEXIM Bank, Alhaji Abubakar Abba Bello told Governor Masari that officials of the bank had last year visited katsina and working with KIPDECO to ensure the emergence of the Exporters.

He said that the bank is eager to dispose the funds to the farmers at the grassroots level.

Alhaji Abubakar Abba explained that over one thousand farms recognized adding that before the end of the year, the programme will Kickstart in the state.

An Executive Director in charge of Business Development, Mrs Stella Okotete described Katsina state as being very dear to the Bank.

Mrs Stella Okotete announced that one billion Naira was set aside as seed fund for the sesame programme.

She revealed that the Bank had Export stimulation facility of 500 billion Naira adding that they would for processing homes from every state of the federation to add value to the people.

Mrs Stella Okotete assured that the bank is now scrutinizing applications from katsina state through KIPDECO to disburse the funds to the affected farmers.

She said that the bank had another programme called Aggregator Export scheme.

According to her, people will be empowered to feed the farmers with seeds to grow the Export commodities.

Mrs Stella Okotete announced that sesame oil will be exported to United Arab Emirates- UAE and Turkey, which could create 5000 jobs in Nigeria.

She said that the bank hope to help farmers to cultivate 1200 hectres of land in katsina state, adding that as of now, Habiscus is being used for green tea production and for juice making too.

Highlight of the visit was the presentation of souvenir to Governor Masari by the Managing Director of the Bank.
Hassan Muhammad Tukur
Government House Press Centre Katsina

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