Post by Trade facilitator on Jul 31, 2012 12:35:13 GMT 1
THE Nigerian Export Promotion Council (NEPC) is set to boost foreign earning through non-oil export by enhancing the Small and Medium Entrepreneur’s penetration into the overseas markets.
Mr. David Adulugba, the Executive Director of NEPC, said this on Friday in Abuja while launching the New Exporter Development Project (NEDP), designed to promote foreign market penetration.
He said that the NEDP launch followed an observation that a number of companies participating in NEPC-organised export market entry support services were unable to export their products after securing export contracts due to lack of capacity and export readiness.
Adulugba said that NEPC was determined to ensure penetration of the SMEs into foreign markets through capacity building enshrined in NEDP in partnership with Bridging Point Global (BPG) Nigeria.
He said that the project could attract more than two billion dollars into the economy before the end of the year, adding that “it is aimed at producing a new crop of 100 per cent indigenous exporters of non-oil related products and services.’’
Adulugba said that the objective of the NEDP “is to help 60 selected SMEs from six geo political zones across the country with limited or ad-hoc exporting experience to develop their capacities in export business.’’
He said that it would also assist in equipping them with a sustained and systematic approach to penetrating overseas market.
He said that this would be done through export awareness, export readiness, export preparation, export finance and export market development activities to remove the constraints and obstacles inhibiting non-oil exports
“The project is expected to lead to the creation of employment and reduction of poverty in the country.’’
Adulugba said that the programme would also address non-oil export challenges such as inadequate products, market information and enterprise level weakness faced by SMEs interested in export business.
He said that the challenges to be addressed also included poor packaging and labeling, difficult and high cost of product adaptation as well as gaps between resource need and availability to carry out export business.
He said that NEDP was placing emphasis on assessing the export potentials of Nigeria’s six geopolitical zones and identifying exportable products as well as developing clear exporter-selection criteria with a gender perspective.
The project would also focus on designing a strategy to develop these products to acceptable export standards and identifying ready markets for the products while still at the level of product development.
“It will also help in designing and managing an export-readiness project for the selected potential exporters.’’
He said that NEDP “will midwife a relationship between the new exporters and NEXIM to provide export financing for the nascent transactions, with NEPC as the guarantor.’’
Source: www.nigerianobservernews.com/29072012/sundayobserver/sports/sports2.html
Mr. David Adulugba, the Executive Director of NEPC, said this on Friday in Abuja while launching the New Exporter Development Project (NEDP), designed to promote foreign market penetration.
He said that the NEDP launch followed an observation that a number of companies participating in NEPC-organised export market entry support services were unable to export their products after securing export contracts due to lack of capacity and export readiness.
Adulugba said that NEPC was determined to ensure penetration of the SMEs into foreign markets through capacity building enshrined in NEDP in partnership with Bridging Point Global (BPG) Nigeria.
He said that the project could attract more than two billion dollars into the economy before the end of the year, adding that “it is aimed at producing a new crop of 100 per cent indigenous exporters of non-oil related products and services.’’
Adulugba said that the objective of the NEDP “is to help 60 selected SMEs from six geo political zones across the country with limited or ad-hoc exporting experience to develop their capacities in export business.’’
He said that it would also assist in equipping them with a sustained and systematic approach to penetrating overseas market.
He said that this would be done through export awareness, export readiness, export preparation, export finance and export market development activities to remove the constraints and obstacles inhibiting non-oil exports
“The project is expected to lead to the creation of employment and reduction of poverty in the country.’’
Adulugba said that the programme would also address non-oil export challenges such as inadequate products, market information and enterprise level weakness faced by SMEs interested in export business.
He said that the challenges to be addressed also included poor packaging and labeling, difficult and high cost of product adaptation as well as gaps between resource need and availability to carry out export business.
He said that NEDP was placing emphasis on assessing the export potentials of Nigeria’s six geopolitical zones and identifying exportable products as well as developing clear exporter-selection criteria with a gender perspective.
The project would also focus on designing a strategy to develop these products to acceptable export standards and identifying ready markets for the products while still at the level of product development.
“It will also help in designing and managing an export-readiness project for the selected potential exporters.’’
He said that NEDP “will midwife a relationship between the new exporters and NEXIM to provide export financing for the nascent transactions, with NEPC as the guarantor.’’
Source: www.nigerianobservernews.com/29072012/sundayobserver/sports/sports2.html
