Stella Okotete's Leadership at NEXIM Bank Transforms Nigeria's Non-Oil Sectors


When it comes to women who are making significant strides in Nigeria, Stella Okotete stands out as a resounding name and an enigma to reckon with. Honorable Stella Okotete is deserving of celebration, as her achievements and leadership scorecards make her a rare gem among men and women.


Honorable Stella Erhuvwuoghene Okotete currently serves as the Executive Director of Business Development at the Nigerian Export-Import Bank (NEXIM). She was appointed to this role by His Excellency, Muhammadu Buhari, the President of the Federal Republic of Nigeria, on April 20, 2017.


NEXIM Bank, established in 1991, is an export credit agency in Nigeria. It focuses on the development and expansion of the non-oil sectors of the Nigerian economy, aiming to reduce the country's over-reliance on oil exports. Under Stella's leadership, NEXIM Bank has experienced a transformation from a non-performing institution to an over-performing one. Her vision and determination have brought about positive changes, attracting businesses to Nigeria and contributing to the country's economic growth.


Stella Okotete's extensive experience in both the private and public sectors has equipped her with diverse insights and expertise, which she brings to her role as the Executive Director of Business Development at NEXIM Bank. Her responsibilities include providing operational leadership for the bank, conceptualizing and developing new products and services, improving existing ones, planning and overseeing marketing initiatives, and supervising the business development division to ensure optimal performance.


Since assuming her position, Stella has introduced innovative products such as the 'Women and Youth Export Facility' and the 'Small and Medium Export Enterprise Facility,' both of which are part of the Export Development Fund. These initiatives demonstrate her commitment to job creation, industrialization, foreign exchange generation, and the achievement of the Economic Recovery and Growth Plan (ERGP) and the Sustainable Development Goals (SDGs), particularly in terms of poverty eradication, economic stability, and gender equality. Additionally, she is currently developing export diversification initiatives to strengthen Nigeria's non-oil export sector and increase foreign exchange earnings, aligning with the federal government's diversification policy and programs.


Stella Okotete is not only focused on economic development but is also passionate about championing the rights of the girl-child. She actively engages in philanthropic activities, humanitarian efforts, and advocates for good governance. Her dedication to empowering women and ensuring equal opportunities for all is commendable.


Recently, Stella led the Nigerian delegation to the 3rd China-Africa Economic and Trade Expo, a four-day event held at the Changsha International Convention and Exhibition Centre. The theme of the expo was "Common Development for Shared Future," emphasizing the need to strengthen the relationship between China and Africa. Stella played a crucial role in attracting potential exporters for Nigeria's non-oil exports, as the country aims to address its trade deficit and balance its trade relations with China. She has been in talks with the Nexim Bank of China to resolve any bottlenecks in the exchange of financial instruments between the two countries.


Honorable Stella Okotete's exceptional leadership, dedication to Nigeria's economic growth, and commitment to empowering women and advocating for good governance make her an exceptional figure in Nigeria and Africa. Her contributions to the development and expansion of the non-oil sectors of the Nigerian economy have significantly reduced the country's reliance on oil exports, paving the way for sustainable and diversified economic growth. Stella's passion for Nigeria and her determination to succeed alongside the recently inaugurated President are unmatched. With her visionary leadership and unwavering commitment, Stella Okotete continues to inspire and make a lasting impact on Nigeria and Africa as a whole.

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