Wed. Nov 20th, 2024
Non-Oil Exports

By Adedapo Adesanya

The Export Promotion Group under the Manufacturers Association of Nigeria (MAN) has advocated the reduction in the cost of doing business, and enhancement of market access, goods acceptance and incentives to enhance acceptance of Nigeria’s non-oil exports.

These recommendations were given by the Chairperson of the group, Ms Odiri Erewa-Meggison, who is also the External Affairs Director, British American Tobacco (BAT) West and Central Africa, at the 3rd National Conference on non-oil export organised by the Nigerian Export Promotion Council (NEPC) themed Promoting Non-Oil Export for Rapid National Economic Growth.

“From packaging to product quality, Nigeria’s exports must meet international standards to avoid rejection. We must enhance awareness around compliance requirements for specific markets, such as the prohibition of certain pesticides in exported produce,” she said.

Ms Erewa-Meggison urged Nigeria’s diplomatic missions and global banking networks to facilitate market entry and acceptance of local goods, hammering on the critical role of the Export Expansion Grant (EEG) in helping Nigerian exporters to remain competitive globally.

She, therefore, stressed the importance of timely disbursements and adequate budget allocations for the EEG program, asserting that this would signal the government’s commitment to supporting local manufacturers.

The Export Expansion Grant (EEG) is a vital incentive that has helped our exporters overcome cost challenges and maintain competitiveness.

However, persistent backlogs and reliance on promissory notes for grant payments have undermined the programme’s effectiveness.

“We need the government to prioritise timely disbursements and reliable budget allocations for the EEG to demonstrate their support for the manufacturing sector,” she said.

She stated that non-oil exports are essential for driving Nigeria’s economic growth.

“With adequate resources, government support, and collaborative strategies, the persistent challenges facing Nigerian manufacturers can be overcome,” she said.

Ms Erewa-Meggison also emphasised the urgent need for greener and more cost-efficient energy solutions.

By Adedapo Adesanya

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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