Saturday, 1 September 2018


Olusegun Awolowo, DG, NEPC
The Nigerian Export Promotion Council (NEPC) has stated its resolve to grow the country’s non-oil export revenue from $1.2bn in 2016 to $8bn next year.

This was made known by the Executive Director/Chief Executive Officer of NEPC, Mr. Olusegun Awolowo, at the graduation of participants of the zero-to-export training programme held recently in Abuja.

Fellow Nigerians, are you aware that our crude oil will soon become useless? Yes, it will, in no distant time, become valueless owing to the fact that the countries that rely on it as their only source of energy are developing more affordable alternative sources of energy. When this finally happens, what will we do? How are we currently preparing for this imminent economic doom? Which other sector will continue to stabilize our economy? Nigerians, the only solution is developing the agricultural sector. In fact, this is the only solution. Very soon, the major source of revenue will become agriculture and agro-exports. How are you positioning yourself to play big in agro-export business? Why don’t you get a practical manual that explains the stages of export trade from processing and packaging of commodities to receipt of payment by the foreign buyers? Yes, arm yourself with the contemporary trends in export trade. This manual explains export operations, export management, export documentations and methods of payment in export trade? Yes, it is a contemporary step-by-step guide to export trade. It tells all the contemporary dynamics in export trade. To get it, click on the link below:

Tectono Business Review gathered that the zero-to-export initiative is one of the programmes of the NEPC that focuses on creating a new generation of Nigerian exporters through the training of business executives, bankers, civil servants and unemployed graduates, among others in export business.

The programme is anchored on a public-private partnership arrangement with support from Deposit Money Banks, the Bank of Industry and the Nigerian Export-Import Bank.

Awolowo, while speaking at the event, made it clear that the failure of the country to diversify the economy over the years had led to several economic alterations, adding that the zero-oil plan was one of the programmes of government pointed towards correcting this imbalance.

He described the zero-oil plan as one of the practical steps of the Federal Government to realistically diversify the Nigerian economy away from oil.

Awolowo told the graduands that already, the plan had been approved by the Federal Executive Council, adding that a committee under the chairmanship of the Governor of Jigawa State, Alhaji Badaru Abubakar, had been set up for its effective implementation.
He said, “The zero-to-export programme is aimed at achieving specific objectives, which include development of new exporters from zero knowledge to a point of export readiness, equipping exporters using practical hand holding approach, field training and mentorship to building a new crop of indigenous exporters. The council’s zero-oil plan is the flagship programme aimed at mobilising public and private resources towards replacing oil as the number one source of foreign exchange. The programme equally has a vision of growing non-oil exports from $1.2bn in 2016 to $8bn in 2019 and eventually $25bn by 2025.”

The NEPC boss said the Federal Government was committed to the development of the non-oil export sector as the last defence of the economy. He expressed optimism that the performance of the graduands in the area of export business would serve as a guide to the council whether to continue with the programme or drop it. “This is the major reason why we are serious about full participation of the programme,” he said.

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