Tag: NEPC

  • NEPC, Customs engage stakeholders on informal cross-border trade in Saki

    NEPC, Customs engage stakeholders on informal cross-border trade in Saki

    The Nigerian Export Promotion Council (NEPC) and the Nigerian Customs Service (NCS) have concluded a stakeholders’ engagement focused on mainstreaming informal cross-border trade in Saki.

     Held at the Westland Hotel in Saki, Oyo State, the event aimed to enhance economic development through organized trade practices and data collection.

    Representing the NEPC’s Chief Executive Officer, Mrs. Nonye Ayeni, Director, Trade Information Department, Dr. Joe Itah, emphasised the crucial role of border towns in Nigeria as trade hubs. 

    Ayeni stated: “Border towns are important trade hubs which should be more organised to bring benefits to the country.”

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    Under the theme “Mainstreaming Informal Cross-Border Trade and Data Collection for Enhanced Economic Development,” the engagement provided a platform for stakeholders to share experiences related to cross-border trade. Addressing the issue of poor road conditions in Saki, Itah remarked, “We have seen the deplorable state of the road and we know that the government is doing something positive to ensure the road is fixed to serve the people. When we go back, we shall talk about what the country is missing with the state of the road and something positive will be done.”

    Itah also highlighted the importance of educating the public on the government’s data capturing operations regarding cross-border trade. He reassured attendees, saying, “We are not coming as tax collectors, we are not coming to take away jobs from your people. Instead, we want to enhance what you do.”

    Discussing the broader goals of the initiative, Itah said, “We are here to make food available for the people and out of that, they should have something left for export. The Federal and State Governments are aware we are here. We plead that the traditional rulers sensitise the people to cooperate with us. We have some small papers to fill, we need to make the people know how to earn hard currency and have enough to send their children to school.”

    He noted the strategic importance of Saki, explaining, “This is not the first place we are visiting, this is the second place. We were at Kebbi where we visited four border towns. Then because of the importance of Saki, that is why we are here.”

    Assistant Controller Mr. Elijah Kayode, representing the Comptroller General of the Nigerian Customs Service, emphasized the importance of collaboration between NEPC and NCS. He said, “The collaboration between the NEPC and the Nigerian Customs Service is aimed at doubling the country’s foreign reserve earnings. This is why the Nigerian Customs Service is in collaboration with the NEPC for exports to double and increase foreign exchange, and besides, statistics records are very important for us to know our volume of trade in a year.”

    Kayode further highlighted the need for proper documentation and record-keeping to generate accurate statistical data from informal cross-border trade. “Without proper documentation or record keeping, there will be no accurate statistical data generated from the informal cross-border trade,” he said.

    Addressing a common issue, he noted, “Truth be told, many people are not aware while some feign ignorance of the export laws that guide importation into and exportation of goods out of the country and what would accrue to them and the country as a whole.”

    The traditional ruler of Saki, the Okere of Saki, His Imperial Majesty Oba Khalid Olabisi Oyedepo III, expressed his support.

    He stated: “God has created us here, we have the opportunity and we have to seize that opportunity and use it to better ourselves and the system as a whole.” Reflecting on the historical significance of the Okerete border trade route, he recalled, “We have been clamouring for this Okerete Border Post right from when I was in secondary school. That route has been the ancient route where trade started. People from Mali, Timbuktu prefer coming through Okerete to going to Lagos because it’s easier for them.”

    He noted improvements in Saki’s economy, saying, “When the people say the economy is not improving, I say the economy here is actually improving. It may not be as fast as expected, but it’s improving because five to ten years ago, you will not see warehouses in Saki but all over the place today you will see warehouses, that show that something is happening.”

    The monarch lamented infrastructural deficits, particularly in power supply and road conditions. “I do tell our people that the business they do is cross border business, a lot is going on but not duly documented. I want to believe that with the intervention of NEPC and Nigerian Customs the trade here will be duly documented for proper data collection,” he said.

    The event also included visits to various loading points in Saki, including Isale Oja Sango loading point, Up Road Chikanda unit, Okerete Trans-Border Market road, the proposed site for Okerete loading point, Harulite Ebinola Global Resources at Sango-Kolawole road Saki, Alh. Akeem Owonikoko House (Agricultural Products), Sherifat (Plastic and others) in Abote Area, and Iya Muri Warehouse (General goods).

  • Exporters urged to improve packaging, labelling

    Exporters urged to improve packaging, labelling

    Director-General, Nigeria Export Promotion Council (NEPC), Nonye Ayeni yesterday advised Nigerian food exporters to improve packaging and labeling to stop product export rejection outside the country.

    The DG said goods, including sesame and cowpea, have often faced rejection due largely to poor quality, inefficient procedures, documentation, sanitary and phyto-sanitary issues, improper packaging and labelling, among others.

    Speaking during a Technical meeting of the Project Steering Committee on World Trade Organisation (WTO), STDF, PG, 845, with the theme: “Improving sanitary and phyto-sanitary compliance to boost Nigerian export capacity” in Abuja, she said there was the need to address these issues for Nigeria to meet up with the quality and standards of these products in the global market.

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    “A good number of these factors led to the decision of the World Trade Organization and International Trade Center to sponsor the STDF project, which will be backed by expected 30% counterpart funding from NEPC. This project, STDF 845, will therefore enhance the quality and standard of sesame and cowpea through the institution of good Sanitary and Phyto-sanitary (SPS) conducts, Good Agricultural and Warehousing Practices (GAWP), packaging/labelling and excellent storage systems.

  • ‘Nigeria’s non-oil export stood at 6.685m metric tonnes in 2023’

    ‘Nigeria’s non-oil export stood at 6.685m metric tonnes in 2023’

    The Nigerian Export Promotion Council (NEPC) has said the volume of Nigeria’s non-oil export in 2023 stood at 6.685 million metric tonnes of exportable products.

    The Executive-Director/Chief Executive Officer (CEO) of NEPC, Nonye Ayeni, said this on Thursday, in Abuja, during the presentation of the non-oil export performance for the year 2023.

    Ayeni said this continued increase in volume of the nation’s non-oil export, reaffirms the widely held assertion that the sector held the key to the revitalisation of the country’s economy.

    “An increase in the volume and value of exportable goods and services and the repatriation of export proceeds will enhance foreign exchange inflow into the country.

    “It will also help to stabilise the value of the Nigerian Naira.

    “For this reason, my management team and I have resolved to double our efforts towards playing our part in repositioning the sector for sustainable and inclusive economic growth,” she said.

    The executive director, however, acknowledged a decline in monetary terms of Nigeria’s export from about $4.8 billion in 2022 to $4.5 billion in 2023.

    Ayeni listed the factors responsible for the decline to include political instability in many exportable countries, rejection of some of Nigeria’s products, and exchange rate, among others.

    She, therefore, expressed the Council’s commitment to tackle most of these challenges to ensure growth of the sector in the shortest possible time.

    “This aligns with the Industrial Revitalisation Agenda of the Minister of Industry, Trade and Investment, Dr. Doris Uzoka-Anite, and the Renewed Hope Agenda of President Bola Tinubu for job creation, poverty alleviation and economic growth, development and diversification.

    “Considering that one of the major challenges facing exporters is the issue of export reject, the Council is already addressing the issues.

    “By collaborating with relevant authorities to create awareness, build capacity in the area of good agricultural practices, labelling and packaging and ensure adherence to quality and standards of our exports in the global market,” she said.

    Read Also: NEPC, GIZ to smoothen cashew, rice exports

    On products exported, the NEPC boss said 273 different products were reported to have been exported in the period under review ranging from manufactured, semi-processed, solid minerals to agricultural commodities.

    She said this figure reflected a notable increase of approximately 28.04per cent compared to the preceding year.

    Ayeni said the Pre-shipment Inspection Agents (PIAs) listed some products among the top 20 products exported in 2023 to include Urea, Cocoa Beans, Sesame Seed, Soya Beans/meal, Cashew Nuts/Kernels, Aluminum Ingots, and Hibiscus Flower.

    “The top commodities in terms of total exported products were Urea/Fertilizer, which accounted for 20.10 per cent, while Cocoa Beans came second at 13.19 per cent.

    “Sesame Seeds took the third position at 9.03 per cent, and there were quite a number of other exportable products that contributed significantly to this huge volume of exports recorded in 2023.

    “So many exportable products and their derivatives such as wheat, bran, lithium, ore, and sorghum are progressively gaining prominence as the demand for these products in the global market continues to increase.

    “While their contributions are still in the process of attaining significant levels, their regular inclusion on the export table suggests a growing presence in the export landscape,” Ayeni said.

    The executive director said that the top-20 exporting companies in Nigeria, Indorama-Eleme Fertilizer and Chemical Limited took the lead with 524,327,305.66 dollars in value.

    Ayeni said Dangote Fertilizer Limited recorded the second-highest value of 383,071,252.58 dollars, adding that other companies also made significant contributions in that space.

    Nigeria’s non-oil products penetrated markets across 124 countries in the Americas, Asia, Europe, Oceania, and Africa.

    Thirteen member countries of ECOWAS (excluding Cape Verde) actively imported Nigerian products with 1,145 exporting companies actively exporting Nigeria’s products in the year 2023.

    According to the NEPC boss, this figure can be improved with adequate funding, capacity building, and mentorship.

  • NEPC, GIZ to smoothen cashew, rice exports

    NEPC, GIZ to smoothen cashew, rice exports

    The Nigerian Export Promotion Council NEPC in partnership with the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) are partnering to  ensure  Nigeria’s export of Cashew and Rice derivatives conform to buyer’s requirements and reduce export rejection considerably.

    The Executive Director CEO Nigerian Export Promotion Council NEPC, Nonye Ayeni disclosed this at the NEPC, GIZ interactive session for cashew and rice value chain actors in Abuja, stating that this is aimed at the federal government’s Agenda of Value Addition and product diversification for export through inclusiveness, innovative technology, Smart Agriculture, capacity building and thematic research.

     Ayeni said the council is committed to this project and the continued partnership with GIZ-MOVE will ensure successful delivery of the remaining components of the MOU signed. 

    “There is no better time to drive the non-oil exports.   This is our chance and we will work assiduously to promote non-oil exports from Nigeria to a greater height.

        “This programme is as a result of Memorandum of Understanding MOU signed in August 2023 between the Nigerian Export Promotion Council (NEPC) and The Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH Market Oriented Value Chains for Jobs and Growth in the ECOWAS Region (GIZ-MOVE).

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        “The African Continental Free Trade Area (AfCFTA) with about 1.3 billion people presents enormous opportunities for Nigeria’s high value rice and cashew products. It will interest you to note that the rice we are seeing today is used to produce rice flakes, rice cereal, rice flour etc. Predominantly, women play an active role in the rice sector, hence, a great opportunity to achieve inclusiveness in non-oil export.

        “Given that today’s world trade in non-oil exportable products has become highly regulated, fundamentally because of safety, health and environmental considerations, the exporters are demanded to conform to Good Agricultural Practices (GAP), secure necessary Certifications, utilize appropriate documentations, packaging and labeling which if not properly addressed, becomes Technical Barriers to Trade (TBT).

        She noted that small, medium and large scale farmers, aggregators, processors, Service providers, exporters were invited to ensure inclusion  The import of this exercise is to identify possible gaps that will provide the basis for implementing future programmes. In 2022, it was estimated that Nigeria produced 5.4 million metric tons of milled rice and about 300,000 metric tons of raw cashew nuts (RCN).

  • What we are doing to boost exports, by NEPC

    What we are doing to boost exports, by NEPC

    The federal government has launched several initiatives to address challenges facing Micro, Small and Medium Enterprises (MSMEs) and enhance export of Nigeria-made products.

    Osun State Coordinator, Nigerian Export Promotion Council (NEPC), Mr. Segun Ayodele, said government has intervened in the cost of logistics faced by the sector while exporting.

    He said the government has also, through NEPC, intensified the visibility of indigenous products in western world in line with economic reforms of President Bola Tinubu’s administration.

    Ayodele spoke during a sensitisation workshop for youths and owners of MSMEs held at Halatria Hotel, Osogbo.

    Read Also: NEPC to mainstream youths for exports

    He noted that Nigeria need aggressive marketing to increase productivity, enhance expansion and facilitate growth through non-oil exports.

     “Federal government has collaborated with private in the establishment of Nigerian Trade Houses trough Export Expansion Facility Programme across the world to enhance the visibility of Made-in-Nigeria products out the country, reduce cost of logistics on SMEs, increase Nigeria share in the target markets, create employment for youths and increase forex inflow into Nigeria economy,” Ayodele said.

    He added that trade houses are located in Togo, Canada, South Africa, Kenya, China, United Arab Emirates and Egypt.

    Permanent Secretary, Ministry of Commerce and Industry, Osun State, Mrs Kehinde Odediran assured that the state government placed importance on local content and patronage to drive the economy, a philosophy that is captured in the Osun State Industrial Development Policy Document launched in 2023.

  • NEPC to mainstream youths for exports

    NEPC to mainstream youths for exports

    The Nigerian Export Promotion Council (NEPC) is putting measures in place to ensure that youths are initiated into the global export culture by their early initiation into the youth for export programme.

    Its Executive Director/Chief Executive Officer, Ezra Yakusak, said Nigeria is blessed with vibrant youths that are hard-working.

     Yakusak, who stated this at the launch of the youth-for- export programme in Abuja, noted that the event marked the council’s commitment to fostering export inclusiveness, by harnessing the untapped potential of youths to becoming export champions.

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     He lamented that Nigeria has not been able to properly harness the strength and skills of its youths to accentuate  growth, though some countries have, he added.

     “This explains why we need to manage the mass migration of youths from Nigeria to other parts of the world by curbing the Japa syndrome.

    The future of Nigeria depends on our ability to harness and invest in human capital development and provide sustainable economic opportunities for the youth. The export value-chain holds so much untapped potential, which are quick wins for the youth to latch on.

     “The Youth-for-Export Programme is, therefore, designed to empower young Nigerians by providing them with the necessary skills and knowledge to engage in export activities.

    “The programme is aimed at building capacity of the youth population by addressing export skill gaps, standards and quality requirements for export products; documentation and  procedural issues as well as the technicalities involved in trading offshore,” he said.

     The ED  said the project is a Public-Private Partnership with Zeenab Foods Limited as a major programme implementing partner.

    Zeenab Foods is the operator of the Nigerian Export Trade House in China. To underscore the importance of this project, a Memorandum of Understanding (MoU) has been signed with Zeenab Food. While the Council will provide capacity building of youths, Zeenab Foods on the other hand will provide mentorship and market access for youth entrepreneurs.

  • NEPC’s capacity building for Youths

    NO  fewer than 200 youths have benefited from the Nigerian Export Promotion Council’s (NEPC’s) training on capacity building to embark on business and promote exportation.

    Its Executive Director, Mr. Olusegun Awolowo, made this known in Abuja earlier in the week at the graduation of 62 trainees of batch five “Zero to Export’’.

    Awolowo, who was represented by NEPC Product Development Director, Mr. William Ezeagu, said the council would continue to create opportunities for Nigerians to imbibe the culture of exportation through capacity building programmes.

    “The essence of our gathering today underscores the crucial role that the non-oil export sector plays in the present administration’s effort at diversifying the economy to stop over reliance on oil,’’ he said.

    The council, he said, had trained and graduated more than 200 from the Lagos, Port Harcourt, and Abuja centres, adding that most of the trainees had formed cooperatives and become exporters.

    He said the Zero to Export programme had been part of the council’s efforts to reposition the non-oil sector and enforce the narrative of the council through job creation and inclusive growth.

    “NEPC will continue to encourage Nigerians to take advantage of the diversification process of the Federal Government through the promotion of non-oil export activities, he said.

    Awolowo explained that the Zero to Export programme was an effective tool for introducing companies into the export business.

    “This is because NEPC recognises the fact that many companies desire to go into the export business, but lack the capacity and skill to embark on the business successfully,’’ he said.

    According to him, the council will provide N500,000 to the cooperative societies formed by participants of their graduation.

    The money is expected to serve as seed fund to enable the co-operative society begin the export business without hitches.

    The NEPC boss advised the graduates to use the knowledge and skills acquired to make the programme worthwhile.

    “This way the huge investments in material and resources deplored by the council will be justified,’’ he said.

    He added that the initiative was one of the flagship programmes of the council, which focuses on creating new generation of Nigerian exporters through practical and theoretical training of business executives and bankers.

    He identified the others as civil servants, unemployed graduates, and retired citizens with interest in export business, adding that the programme was anchored on a Public Private Partnership (PPP) model.

    A trainee, Mr. Chester Iweagwu, who spoke on behalf of others, said the training would help them expand and do better in their businesses.

     

     

  • NEPC restores AGOA visa stamp to exporters

    The Nigerian Export Promotion Council (NEPC) has re-introduced the African Growth and Opportunity Act (AGOA) Visa Stamp to exporters to ensure that they participate and benefit more from the Act before it expires in 2025.

    AGOA is an act of parliament passed by the United States Congress in 2000. Also referred to as Trade and Development Act, it was meant to assist the economies of sub-Saharan Africa and improve economic relations between the U.S and the region.

    Speaking at the NEPC workshop on AGOA Visa Stamp utilisation in Lagos, the agency’s Executive Director, Mr. Olusegun  Awolowo, said AGOA was also meant to forge stronger commercial ties between Nigeria as well as other qualified African countries and the United States.

    Represented by the Deputy Director, National Office on Trade, Mr. Saave Nanakaan, Awolowo said AGOA was meant to help integrate Nigeria and other African counties into the global economy.

    He said the extension of the scheme to 2025 was because many African economies such as Rwanda and Uganda performed better than Nigeria under the scheme.

    Visa Stamp, which was introduced on January 18, 2016, took effect from February 8 of the same year. It was another step to further simplify U.S market access of textiles and garments from AGOA-eligible countries.

    Under the process, the Office of the U.S. Trade Representative has directed U.S. Customs and Border Protection to permit importers to submit electronic images of appropriate export visas when claiming preferential treatment for textile and apparel products under the Act.

    Textile and apparel goods from an AGOA beneficiary country will only receive preferential duty treatment once a visa arrangement is established. Visas are issued by the government of beneficiary sub-Saharan African countries.

  • Fed Govt okays N195b for EEG debt settlement

    The Nigerian Export Promotion Council (NEPC) yesterday said the Ministry of Finance has directed the Debt Management Office (DMO) to make N195 billion available for  the settlement of Export Expansion Grant (EEG) debt.

    The debt covers backlog of 10 years from 2007 to 20016 for 270 companies.

    The Executive Director/CEO, NEPC, Olusegun Awolowo who spoke at a stakeholders forum on the framework for the issuance of promissory notes for the settlement of outstanding EEG claims (2007-2019), said the payment will bring succour to the export sector in particular and the economy in general.

    He said there is also a positive signal from the National Assembly as it will soon pass the second batch of approval for the remaining 39 companies with a total value of about N124 billion.

    According to him, the settlement of the  debt by the government will pave way for the revival of the non-oil export sector of the economy, adding that it will in no small measure enable financial institutions, inject funds for further export activities, generate more foreign exchange as well as employment for the teeming youths of the country.

    Awolowo said: “Statistics from the pre-shipment inspection agents and the National Bureau of Statistics analysed by the Council showed that, the country’s export earnings for 2017 and 2018 experienced an upward trend. There was a growth of 48.43 per cent from $1.204billion in 2016 to $1.787billion in 2017; it further went up by 27.22 per cent equivalent to $2.274billion in 2018. It is our sincere believe that exports for 2019 will grow by about 40 percent in view of the settlement of the exporter’s debt through the promissory note programme.”

    He said in line with government policy on  Ease of Doing Business and in order to complement these efforts, the NEPC has developed an online, real time portal for the processing and management of EEG claims.

  • NEPC, stakeholders to work on export promotion

    The Nigerian Export Promotion Council (NEPC) and stakeholders are working on Export Promotion Action Plan  (EPAP).

    NEPC offered itself for benchmarking by the International Trade Centre since August this year.

    While the council scored well in a number of areas under the watch of the International Trade Centre, it is clear that there are still much to be improved upon.

    Read also: ‘Why FG needs to reconsider signing African Free Trade Agreement’

    Its Executive Director/CEO, Olusegun Awolowo who spoke during a focus group meeting on non-oil export in Abuja, said it was time to discuss past NEPC interventions and how they could be improved upon.

    Represented by the Director  Policy and Strategy,  Abdulahi  Sidi  Aliyu, the CEO said participants were invited to discuss ways in which they feel both parties could form additional strategic partnership. This is an opportunity for stakeholders to show how they feel and how collaboration can be enhanced and improved.

    NEPC will also be expecting feedback from CBI Programme, SIAL Food Fair, women in export events, Gul Food Expo and Nigeria UK Trade and investment diagnostic study.