Diversification: NPNEN, stakeholders demand deliberate govt policies to change narrative in non-oil exports vanguardngr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vanguardngr.com Daily Mail and Mail on Sunday newspapers.
Economy: Non-oil exporters want synergy with regulatory bodies on goods acceptance
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By Gabriel Ewepu and Alice Ekpang – Abuja
As Federal Government continues to make efforts to diversify the economy, non-oil commodities’ exporters under the auspices of the Network of Practicing Non-oil Exporters of Nigeria, NPNEN, weekend, called for synergy with relevant regulatory bodies on goods acceptance.
The call was made at a one-day town-hall meeting of non-oil exporters and regulatory bodies, held in Abuja.
Speaking on the issues affecting non-oil export business in Nigeria, Chairman, NPNEN Steering Committee, Olufemi Boyede, urged the regulatory bodies in Nigeria to help facilitate the acceptability of Nigerian products in other countries.
February 8, 2021
The Network of Practicing Non-oil Exporters of Nigeria (NPNEN) on Friday, during its first non-oil exporters’ town hall meeting deliberated on ways to improve the country’s non-oil export sector. The event which was hosted in a hybrid format (physical and virtual) brought together over 140 stakeholders to identify means of harnessing Nigeria’s Non-Oil resources to leverage improved economic growth.
In his opening remark, Alhaji Ahmad Rabiu, the NPNEN President identified that the purpose of the meeting was to bring about a better collaboration amongst non-oil exporters in Nigeria and present them under one umbrella. He also pointed out that it was time to address non-oil export issues and work collectively towards boosting the sector.
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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.