Sterling Bank, NEPC Move to drive Forex Income

Sterling Bank
  • Sterling Bank, NEPC Move to drive Forex Income

Sterling Bank Plc has partnered the Nigerian Export Promotion Council to drive the export of agricultural products in the country.

This is in line with the Federal Government’s plans to improve the country’s foreign exchange income

The lender said in a statement on Thursday that the move was also part of its support for the diversification programme of the Federal Government.

Under the partnership with the NEPC, Sterling Bank said it had powered the Information Communication Technology laboratory of the SouthWest regional office of the council by providing 24-hour Internet service for the staff and entrepreneurs exporting products outside the country.

The Executive Director, Sterling Bank, Mr. Kayode Lawal, said the partnership with the NEPC would be sustained beyond the launch of the ICT laboratory.

He gave the assurance that the lender would continue to support the NEPC and exporters in the country in a bid to drive exports of products from the country.

He noted that agriculture and exports were closely related and that the bank was working aggressively to drive agricultural and export initiatives in the country because they would help to create employment for the teeming population of the country.

The Chief Executive Officer, NEPC, Mr. Olusegun Awolowo, appreciated the bank for the partnership and the synergy the initiative would produce.

He said, “We are doing many things with the bank. We hope it (Sterling Bank) will prove to be the number one export bank in the country.”

He said the council had six regional offices across the country and it was its intention to have one smart office in each state of the federation in a bid to drive export business to realise the diversification programme of the Federal Government.

About the Author

Samed Olukoya
Samed Olukoya is the CEO/Founder of investorsking.com, a digital business media, with over 10 years' experience as a foreign exchange research analyst and trader. A graduate of University of East London, U.K. and a vivid financial markets analyst.

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