Access Bank‘s recent relaunch of its Dutch Desk in collaboration with the Dutch Consul and Invest International will certainly strengthen trade and business ties between Nigeria and the Netherlands. The initiative aims to facilitate partnerships between businesses in both countries by providing financing, cultural exchange platforms, and business support.
The Dutch Desk will help Dutch businesses access the Nigerian market and enable Nigerian businesses explore opportunities in the Netherlands. This is achieved through services like local financing options in both Naira and US Dollars, capital provision for sustainable investments, and supporting businesses in acquiring fixed assets or transitioning to renewable energy. These measures are designed to enhance competitiveness and drive trade growth.
Invest International, a key partner, has contributed significantly by providing funding for Dutch-linked businesses operating in Nigeria. An initial $20 million loan facility has been supplemented by an additional $30 million to support these ventures. The Dutch Consul General highlighted the importance of this initiative, noting that trade between the two nations has averaged €6 billion annually over the past four years, with potential for further growth.
Access Bank’s Managing Director, Roosevelt Ogbonna, emphasised the Dutch Desk’s role in fostering trust, promoting cultural understanding, and bridging gaps between the two business communities. This aligns with their broader goal of presenting Nigeria as a viable and attractive business destination