Future Union Nigeria Holdings and Nexim Bank Sign Landmark MoU to Finance Strategic Projects
ABUJA, Nigeria – In a significant move to bolster economic development, Future Union Nigeria Holdings and the Nigerian Export-Import Bank (Nexim Bank) have officially signed a Memorandum of Understanding (MoU) to facilitate the financing of all projects under the Future Union portfolio.
The agreement was signed by Dr. Abdelgalil Sharaf, Chief Executive Officer of Future Union, and Mr. Abba Bello, Managing Director/CEO of Nexim Bank. The signing ceremony took place in Abuja on Tuesday, October 17, 2023.
The MoU establishes a framework for cooperation, with Nexim Bank committing to provide financial support and solutions for the diverse range of strategic projects currently being developed by Future Union Nigeria Holdings.
The ceremony was witnessed by a high-level delegation, underscoring the importance of this partnership. Attendees included:
· His Excellency Sheikh Abdulrahman bin Hamad Al Thani, Chairman of the Board of Future Union.
· Ms. Meral Gudalmazan, Regional Director.
· Eng. Nabil Lakhal, Aviation Sector Advisor.
· Princess Kazim, General Manager of Future Union Holdings Nigeria.
· Mr. Hussein Abdulaziz, Member of the Board of Directors.
Dr. Abdelgalil Sharaf, CEO of Future Union, commented: “This partnership with Nexim Bank is a pivotal step towards realizing our vision for transformative projects in Nigeria. Their financial expertise and support will be instrumental in accelerating our initiatives and contributing to the nation’s economic growth.”
Mr. Abba Bello, CEO of Nexim Bank, stated: “We are delighted to partner with Future Union Nigeria Holdings. This agreement aligns perfectly with our mandate to finance and promote strategic projects that enhance Nigeria’s economic diversification and industrial capacity. We are confident that this collaboration will yield significant mutual benefits.”
About Future Union Nigeria Holdings:
Future Union Nigeria Holdings is a diversified investment company with a portfolio spanning multiple sectors,including aviation, infrastructure, and energy. The company is committed to driving sustainable development and economic prosperity in Nigeria through strategic investments and partnerships.