NEPC to organise stakeholder conference on non-oil export –Exec. Dir.

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The Nigerian Export Promotion Council (NEPC) on Wednesday, in Abuja, emphasised the need for Nigeria to embrace non-oil exports as a major driver in the diversification of the economy.

The Executive Director of NEPC, Dr Ezra Yakusak, said this at a news conference on the forthcoming National Conference on Non-oil Export, scheduled for April 26 to April 27 in Abuja.

He said that the event with the theme, “Export for Survival: Optimising Nigeria’s Non-oil Export Potentials’’ would help boost Nigeria’s foreign exchange earnings.

Yakusak added that the conference would also serve as a platform for stakeholders in the non-oil export sector to ventilate viewpoints on current and emerging issues affecting non-oil exports.

According to him, it would further provide an avenue for the stakeholders to articulate a harmonised position for achieving a sustainable non-oil export performance.

“It may interest you to note that the preceding years had shown deep susceptibilities in the non-oil export sector of the economy in particular and indeed the Nigerian economy in general.

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“This had been mainly due to the uncertainties faced from global crude oil prices and the adverse effect of COVID-19. In the last 15 years, the Naira had recorded over 300 per cent devaluation.

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“This disturbing trend had been attributed to Nigeria’s inability to earn foreign exchange from other products, due to our mono-cultural economy,’’ Yakusak said.

While saying that modalities were in place to ensure a hitch-free conference, Yakusak said that Nigeria’s export potential would be showcased by exhibiting non-oil exportable products.

He added that topics on issues disrupting Nigeria’s non-oil export and innovative solutions would also be discussed.

“Others are sustainable market access for Nigerian non-oil export and strengthening institutional capacity for effective trade facilitation,’’ Yakusak said.

 

 

(NAN)