NEPC advocates incentives to boost non-oil export
To further promote non-oil export and boost foreign exchange earnings for the country, the Nigeria Export Promotion Council (NEPC) has advocated pre-shipment incentives to assist exporters in their drive for global market access.
Besides, the NEPC has also equipped over 41 indigenous exporters in the country with requisite skills and knowledge required for exporting their products to the global markets
A Director, Nigeria Export Promotion Council, Olajide Ibrahim, explained that this move by the council is apt and also coming at a time when the nation is looking at various ways to diversify the its economic revenue base.
Ibrahim during its graduation ceremony of NEPC’s zero to export trainees programme tagged Initiative II, said, “We are here to wrap up a programme called the zero to export, a programme designed to prepare a crop of indigenous non-oil exporters in Nigeria. This is the second batch, we had the first batch some months ago and because of the interest shown by participants and other people, we decided to enlarge the number to get more exporters on board.”
He however stated that exporters need pre-shipment incentives to assist exporters in getting their products to the global market, stressing that small businesses in the export business must be incentivised by what he termed export development fund to be provided by the federal government to make exporters competitive at the global arena.
“There is what we call the export development fund which is more like an incentive which we are trying to develop to assist small businesses to make them stand in the export market because without that kind of support, it will be very difficult for them to export their goods and couple with the fact that doing business in Nigeria is very high and other infrastructural challenge will make their products not competitive.
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