Post by Trade facilitator on Aug 8, 2023 18:32:10 GMT 1
The Nigerian Export Promotion Council (NEPC) has revealed that more new products have been introduced on the list of non-oil export commodities in a bid to improve investment in the country.
Speaking at the weekend in Abuja, the Executive Director of NEPC, Dr. Ezra Yakusak explained that “we are seeing new products in the non-oil export baskets, products like sorghum, orange peel, and many others are coming up on board.
He stated “before, these products were not exported but right now they have been exported and this is due to our export for survival campaign.“
It is on record that Nigeria is endowed with immense potential in some of the world’s most traded products such as; cocoa, ginger, cashew, soya bean, sesame seed, palm oil, rubber, shea, and gum, amongst others.
However, the Council is seeking to expand the country’s non-oil export base as a means of creating employment and most importantly, improving revenue generation in the sector.
In the year 2022, Nigerian non-oil export performance stood at a total export value of $4.8 billion, the highest recorded since the creation of the NEPC in 1976.
To this effect, Yakusak said the council is leveraging various products and commodities spread across the 774 local government areas in the country by compiling a document list of products available to each location in order to boost the nation’s investment drive
He said the scheme would not only boost massive exports of Nigerian goods but also go a long way in attracting both local and foreign direct investments.
“If you want any product from the 774 local governments, you will be able to know exactly where to go, what kind of product and the potential of that product and the market competitiveness of that product, let us say it will be an avenue to know the export potentials and also attract foreign investment,” Yakusak stated.
Source: tribuneonlineng.com/nepc-introduces-orange-peel-sorghum-to-list-of-non-oil-export-products/
Speaking at the weekend in Abuja, the Executive Director of NEPC, Dr. Ezra Yakusak explained that “we are seeing new products in the non-oil export baskets, products like sorghum, orange peel, and many others are coming up on board.
He stated “before, these products were not exported but right now they have been exported and this is due to our export for survival campaign.“
It is on record that Nigeria is endowed with immense potential in some of the world’s most traded products such as; cocoa, ginger, cashew, soya bean, sesame seed, palm oil, rubber, shea, and gum, amongst others.
However, the Council is seeking to expand the country’s non-oil export base as a means of creating employment and most importantly, improving revenue generation in the sector.
In the year 2022, Nigerian non-oil export performance stood at a total export value of $4.8 billion, the highest recorded since the creation of the NEPC in 1976.
To this effect, Yakusak said the council is leveraging various products and commodities spread across the 774 local government areas in the country by compiling a document list of products available to each location in order to boost the nation’s investment drive
He said the scheme would not only boost massive exports of Nigerian goods but also go a long way in attracting both local and foreign direct investments.
“If you want any product from the 774 local governments, you will be able to know exactly where to go, what kind of product and the potential of that product and the market competitiveness of that product, let us say it will be an avenue to know the export potentials and also attract foreign investment,” Yakusak stated.
Source: tribuneonlineng.com/nepc-introduces-orange-peel-sorghum-to-list-of-non-oil-export-products/
