NEPC harps on non-oil export for inclusive economic growth
The Nigerian Export Promotion Council (NEPC) has emphasised on the need to develop the non-oil export sector of the Nigerian economy, noting that the sector has the potential to revive the country’s economy if adequately explored.
The Executive Director and Chief Executive Officer, NEPC, Olusegun Awolowo, explained that the council has vowed not to relent on its effort to make the non-oil export sector a commanding contributor to the country’s Gross Domestic Product (GDP), stressing that the council would deploy its capacity, expertise and reach to promote the diversification of the economy, in line with the federal government’s economic agenda.
The NEPC boss who was represented by the Technical Adviser to the Executive Director, Mrs. Maureen Ideozu during a media facility tour of a leather and artistry company, Morin O Limited, one of its beneficiaries sponsored to an international trade fair in Las Vegas last year, commended the company for exhibiting products that meet international standards during the fair, maintaining that the council is impressed by the quality products displayed at the fair.
This is the start and more of such companies would spring up as we move to diversify the economy promoting inclusive economic growth of this great nation,” she said.
The Creative Director, Morin.O Limited, Morin Obaweya, said with the help of the council showcasing her investment in leather and artistry to the world during the fair, her business has grown a bit faster than usual.
The magic fair under the auspices of NEPC was an eye-opener for us. The perception we got from the fair was encouraging. People were not sure that our products were made in Nigeria.
We got orders which we further consolidated on,” she said. According to her, statistics shows that Nigeria has the third highest grade of leather in the world. “We are an authentic Nigeria brand.
We are proudly Nigerian and we source our raw materials locally,” she stressed. She said the company which started operations modestly in 2013, had so far sold over 1000 bags, saying that her goals and objectives is to set up a very good production outfit and consolidate on a market that it had already discovered.
She however stated funding to support this kind of business is still a major constraint, saying that the company would require over N12 million to produce at full capacity.
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