Rand Merchant Bank courts Nigeria for Trade Facilitation

In order to ensure that Nigeria becomes a trading powerhouse for the continent, Rand Merchant Bank has pledged to continue working with and supporting the administration there.

This was expressed by Taiwo Shote, Co-Head, Banking, Rand Merchant Bank Nigeria, as part of his participation in a recent panel with the theme: “Implementing a 21st-century trade economy: The challenge of transforming Nigeria into Africa’s business hub.”

”The panel was part of the GTR Trade conference, one of the world’s leading trade finance events. As a bank, we intend to find ways to continuously partner and support the government in Nigeria becoming a hub for African trade,” Shote explained.

In the nation’s effort to spur economic growth, trade facilitation has been emphasised as a crucial goal.

In order to support this, Nigeria’s Ministry of Industry, Trade, and Investment had announced a number of policies, ranging from the improvement of logistics corridors for perishable goods to the simplification, modernization, and harmonisation of trade documents and procedures, aimed at promoting the country as an African trade and investment hub.