National News Special Report
Senate expresses satisfaction over Delta ministerial nominee
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Thompson Nsisongabasi
Aug 02, 2023
The Senate has acknowledged the laudable achievements of the Executive Director (Business Development) of Nigerian Export and Import Bank (NEXIM) and Delta Ministerial Nominee, Stella Okotete.
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The upper chamber lauded her achievement in growing the non-oil exports and business fortunes of the Bank.
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Dafinone, while moving the motion, said he had had opportunity of working with Okotete during his one year stay as Non-Executive Director with NEXIM, adding that the nominee was the engine room of the international reputable bank.
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"The business development unit, is the operational department of the NEXIM Bank.
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"I want to add also, that as a young woman, she has also favoured the youth and women in her policies at the bank, aside the policies she had done at home, encouraging young people in various departments and empowerment Programmes.
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"My Colleagues said she has distinguished herself already, what I need to add is that, I speak for my 2
two colleagues from Delta who are both fully in support of the nominee.
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"This shows she has distinguished herself at the bank. With that, I urge that distinguished members, do ask the nominee from Delta to please take a bow.
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He said: "honestly, when she mentioned that she was a women leader of the greatest party in Africa, I just remembered that we are all from political parties and in normal circumstances, the party is supremeÔÇØ.
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Earlier, while giving a short profile of herself, the nominee, who was born in 1984, took the Senate through the journey of her career and achievements recorded, especially in women and youth development, as well as her exploits at the NEXIM Bank.
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"The immediate past President of the Federal Republic of Nigeria, President Muhammad Buhari, in 2017, found me worthy and appointed me, in line with the Act of Export and Import Bank, Sections 11, 8 and 14 , as Executive Director of NEXIM bank in charge of Business Development.
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"The functions of the ED Business
Development of the Bank, which I still hold till date, is to drive the business directorate of the Bank, to create quality risk assets and to also provide funding for exporters in the non-oil sector.
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"When we resumed in 2017, we met a balance sheet size of N67 billion. We had grown it to N256 billion by 2022 when our tenure got renewed.
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"We also met a bank that was already recording loses, year-in, year-out for three years.
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"As at 2016, the bank had recorded over N6 billion losses. Today, the Nigerian Export and Import Bank is standing shoulder-to-shoulder with other global
export banks and profitably as one of the leading export credit institutions in Africa.
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"I was also the women representative, popularly known as the Woman Leader of the All Progressive Congress (APC) Caretaker Committee in 2020.
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"As Woman Leader of the ruling All Progressive Congress at that time, I was able to bring to bear, quality representation to our women and we established new policy that helped shape visibility for our women across board.
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"One of it is the Progressive Women Academy, which was approved by the Apple Store and Google Store.
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"It is an online academy where women can learn various self skills to make themselves not just visible in the business space but also in politics.
