The African Development Bank has granted FSDH Merchant Bank of Nigeria a $25 million trade finance facility. This support is part of the African Development Bank's financial sector development policy and strategy.

The $25 million trade finance facility granted to FSDH Merchant Bank will enable it to mobilize over $200 million in additional transactions in agriculture, manufacturing and energy sectors over the next three years. Therefore, the African Development Bank's financial sector development policy and strategy aim to strengthen African financial systems. It is also aligned with two of the Bank's five strategic priorities: “Feed Africa” and “Industrialize Africa.”

Thus, the $25 million package will help reduce the trade finance gap in Nigeria through the provision of financial resources res for small and medium-sized enterprises in the industrial sector. “The need for trade finance instruments to support post-pandemic economic recovery efforts cannot be overemphasized. The Bank's financing will help eligible Nigerian small and medium-sized enterprises to take advantage of existing and emerging opportunities in national and regional markets,” said the Director General of the African Development Bank for Nigeria, Lamin Barrow.