The Nigerian Export Promotion Council (NEPC) is aiming to generate more than $5 billion in revenue from non-oil exports. In pursuit of this goal, the NEPC has intensified its training and awareness efforts to educate intending exporters about best practices and requirements.
During an awareness workshop in Ekiti State, the Chief Executive Officer of NEPC, Ezra Yakusak, highlighted the significant contributions of the council to Nigeria’s economy in terms of revenue. He emphasized that the NEPC has developed various strategies and initiatives to promote the growth of the country’s non-oil export sector.
The NEPC aims to educate SMEs and intending exporters on how to access the export market, with the expectation that their efforts will contribute to the projected revenue of over $5 billion from non-oil exports in 2023.
The workshop, organized by NEPC in Ekiti State, focused on the importance of mandatory and non-mandatory certification in accessing export markets. It aimed to equip SMEs and exporters with the knowledge and technicalities required for successful export business.
Opinion:
The NEPC’s target of generating more than $5 billion in revenue from non-oil exports reflects the country’s commitment to diversifying its revenue sources beyond oil. This is a positive step towards economic resilience and reducing dependency on volatile oil markets. Promoting non-oil exports can contribute to job creation, economic growth, and overall national development.
Efforts to educate and train SMEs and intending exporters are essential to ensure they are well-prepared to navigate the complexities of international trade. Providing them with knowledge about certification requirements, market dynamics, and best practices can enhance their competitiveness in the global market.
As the NEPC continues to play a pivotal role in driving non-oil exports, collaboration between government agencies, private sector entities, and other stakeholders will be crucial. A supportive regulatory environment, infrastructure development, and targeted incentives can further boost the growth of non-oil exports and contribute to the country’s economic diversification goals.
Punch