Post by Trade facilitator on Aug 12, 2012 16:18:19 GMT 1
The President of Bridging Point International, Mrs. Astrid Thierry, has said that the Federal Government may realise fresh $2bn (N310bn) from the non-oil exports before the end of the year.
Thierry, who said this in Abuja during the commencement of the country’s New Exporter Development Project, however, added that the revenue depended on the country’s ability to address its trade imbalance.
She said the objective of the project was to help Small and Medium Enterprises with limited exporting experience to develop their capabilities.
It would also help them to implement a horizontal and vertical integrated strategy to develop their products to acceptable export standards, she added.
Thierry said that already, 60 exporters from the six geo-political zones were being equipped with a sustained and systematic approach to penetrate the foreign markets.
She said, “The NEDP will enhance the Nigeria Export Promotion Council’s export development and promotion strategy through a sector approach to evolving market realities.
“It will contribute to transforming Nigeria’s non oil sector into a national bulwark for economic development. Nigeria is at a crossroads to success or failure as a regional economic leader. “As of today, over 80 per cent of players in Nigeria’s non oil export sector are foreigners and multinational corporations, and yet Nigeria has one of the most motivated and innovative entrepreneurial class in Africa.”
She said that the NEDP was designed to address this imbalance and produce Nigerian exporters who could effectively contribute to realising the nation’s economic diversification.”
She said, “The country can realise over $2bn from the sector by the end of this year. What Nigeria needs is to build its non oil export potential to transform its unexploited non-oil resources into the powerhouse for economic diversification and the engine for regional leadership.”
The Executive Director, NEPC, Mr. David Adulugba, said that the programme was part of deliberate strategies to enable Nigerian exporters to compete at the global market.
He said, “The NEPC is aware of the various challenges facing Nigerian SMEs that are interested in export.
“Inadequate product and market information, enterprise level weaknesses, poor packaging and labelling, difficulty and high cost of product adaptation and gaps between resource need and resource availability to carry out export business are some of the issues this programme will address.
“As a nation, Nigeria has a lot of potential in non oil exports. However, we need to put in a lot of efforts to harness this potential. Otherwise, smaller countries with less human and material resources will take our share of the global export market.”
Sorce: www.punchng.com/business/nigeria-may-generate-n310bn-from-non-oil-exports/
Thierry, who said this in Abuja during the commencement of the country’s New Exporter Development Project, however, added that the revenue depended on the country’s ability to address its trade imbalance.
She said the objective of the project was to help Small and Medium Enterprises with limited exporting experience to develop their capabilities.
It would also help them to implement a horizontal and vertical integrated strategy to develop their products to acceptable export standards, she added.
Thierry said that already, 60 exporters from the six geo-political zones were being equipped with a sustained and systematic approach to penetrate the foreign markets.
She said, “The NEDP will enhance the Nigeria Export Promotion Council’s export development and promotion strategy through a sector approach to evolving market realities.
“It will contribute to transforming Nigeria’s non oil sector into a national bulwark for economic development. Nigeria is at a crossroads to success or failure as a regional economic leader. “As of today, over 80 per cent of players in Nigeria’s non oil export sector are foreigners and multinational corporations, and yet Nigeria has one of the most motivated and innovative entrepreneurial class in Africa.”
She said that the NEDP was designed to address this imbalance and produce Nigerian exporters who could effectively contribute to realising the nation’s economic diversification.”
She said, “The country can realise over $2bn from the sector by the end of this year. What Nigeria needs is to build its non oil export potential to transform its unexploited non-oil resources into the powerhouse for economic diversification and the engine for regional leadership.”
The Executive Director, NEPC, Mr. David Adulugba, said that the programme was part of deliberate strategies to enable Nigerian exporters to compete at the global market.
He said, “The NEPC is aware of the various challenges facing Nigerian SMEs that are interested in export.
“Inadequate product and market information, enterprise level weaknesses, poor packaging and labelling, difficulty and high cost of product adaptation and gaps between resource need and resource availability to carry out export business are some of the issues this programme will address.
“As a nation, Nigeria has a lot of potential in non oil exports. However, we need to put in a lot of efforts to harness this potential. Otherwise, smaller countries with less human and material resources will take our share of the global export market.”
Sorce: www.punchng.com/business/nigeria-may-generate-n310bn-from-non-oil-exports/
