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Okechukwu Nnodim
The pre-export requirements recently introduced by the Central Bank of Nigeria is currently frustrating the export of goods from Nigeria to other nations, exporters declared on Wednesday.
Speaking under the aegis of the Network of Practicing Non-oil Exporters of Nigeria, they stated that the electronic Nigeria Export Proceed Form being required by the bank from exporters had come with enormous bottlenecks.
The President, NPNEN, Ahmed Rabiu, said in a statement issued in Abuja that the new procedure had so many layers of activities that often led to delays and loss of income on the part of exporters.
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.