Ex-Im Bank backs fire truck exports to Nigeria

Supply Chain

Friday, January 11, 2013

The U.S. Export-Import Bank has authorized a $15.7 million direct loan to the state government of Lagos, Nigeria, to underwrite the purchase of 32 American fire trucks made by W.S. Darley & Co. of Itasca, Ill. The loan, which is in line with the Obama administration’s “Doing Business in Africa Campaign,” will support about 100 U.S. jobs, according to Commerce and Labor department estimates. Moreover, 65 percent of the financing is expected to support American small businesses....

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