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Exporters cry out, want CBN to revisit pre-export policy
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By Gabriel Ewepu – Abuja
Exporters under the auspices of Network of Practicing Non-oil Exporters of Nigeria, NPNEN, Wednesday, cried out and called on Central Bank of Nigeria, CBN, to revisit pre-export policy as it threatens export business, economic growth, and diversification via the non-oil sector.
This was contained in a statement signed by the President, NPNEN, Ahmed Rabiu, where it made it clear that the impact of the policy is an indication of the horrific situation at the Apapa Port in Lagos.
The statement also pointed out other discouraging situations that have negatively impacted export business including disincentive to formal exports out of Nigeria; lack of capacity to enable the agencies to efficiently and effectively handle the volume of shipments from the different parts of the country.
CBN Governor, Godwin Emefiele
The new policy by the Central Bank of Nigeria (CBN) directing all exporters to present the Nigeria Export Proceed (NXP) number before exporting any good outside the country is currently causing a setback for international trade.
Already, the exporters of perishable items groan under the cumbersome process of acquiring the NXP number while their goods lie fallow at the ports. Those affected are afraid the goods could lose quality.
An importer and Secretary-General, National Cashew Association of Nigeria, Sotonye Anga, told The Guardian that the agricultural goods were about to perish at the terminal while they had waited endlessly for NXP number.
CBN Governor, Godwin Emefiele
The new policy by the Central Bank of Nigeria (CBN) directing all exporters to present the Nigeria Export Proceed (NXP) number before exporting any good outside the country is currently causing a setback for international trade.
Already, the exporters of perishable items groan under the cumbersome process of acquiring the NXP number while their goods lie fallow at the ports. Those affected are afraid the goods could lose quality.
An importer and Secretary-General, National Cashew Association of Nigeria, Sotonye Anga, told The Guardian that the agricultural goods were about to perish at the terminal while they had waited endlessly for NXP number.