Post by Trade facilitator on Aug 3, 2012 5:52:17 GMT 1
THE Nigeria Export Promotion Council (NEPC) has started a new export development project that would help Small and Medium Enterprises (SMEs) in the country.
The initiative was scripted to further promote non-oil export profile of the economy and thereby bolster the government’s economic diversification drive.
The scheme is expected to assist SMEs with limited exporting experience ability to develop their capabilities in exporting and equip them with a sustained and systematic approach to penetrate overseas markets.
Speaking during the flag off of the class one set of the development project, the Executive Director/Chief Executive Officer of the council, David Adelugba, explained that the project was a collaborative effort between the council and Bridging Point Global in a Public Private Partnership initiative to move the Nigerian non-oil export sector forward.
He added that the first phase of the project designed to train only 10 companies from each of the six geo-political zones was aimed at exposing trainees to export awareness, export readiness assessment, export preparation and export market development activity as a means towards removing a range of constraints and obstacles in the way of non-oil exports.
Identifying some of the challenges faced by SMEs interested in export in terms of inadequate product and market information, difficulty and high cost of product adaptation, poor packaging and labeling, gaps between resource need and resource availability, Adulugba hinted that the council would address the issues during the period of the training and above all midwife a relationship between the trainees and NEXIM Bank to provide export financing for the initial transactions with the council as the guarantor. This he said is in consonance with the council’s responsibility of providing traditional market entry support services to new entrants into the export world.
He said: “Let me reiterate that as a nation, Nigeria has a lot of potentials in non-oil exports. However, we need to put in a lot of efforts to harness these potentials, otherwise smaller countries with less human and material resources will take our share of the global export market. It is along this line of thinking that the present administration of the federal government of Nigeria draws its transformation agenda to unlock the potentials of the country through various projects and programmes.”
Source:-www.ngrguardiannews.com
The initiative was scripted to further promote non-oil export profile of the economy and thereby bolster the government’s economic diversification drive.
The scheme is expected to assist SMEs with limited exporting experience ability to develop their capabilities in exporting and equip them with a sustained and systematic approach to penetrate overseas markets.
Speaking during the flag off of the class one set of the development project, the Executive Director/Chief Executive Officer of the council, David Adelugba, explained that the project was a collaborative effort between the council and Bridging Point Global in a Public Private Partnership initiative to move the Nigerian non-oil export sector forward.
He added that the first phase of the project designed to train only 10 companies from each of the six geo-political zones was aimed at exposing trainees to export awareness, export readiness assessment, export preparation and export market development activity as a means towards removing a range of constraints and obstacles in the way of non-oil exports.
Identifying some of the challenges faced by SMEs interested in export in terms of inadequate product and market information, difficulty and high cost of product adaptation, poor packaging and labeling, gaps between resource need and resource availability, Adulugba hinted that the council would address the issues during the period of the training and above all midwife a relationship between the trainees and NEXIM Bank to provide export financing for the initial transactions with the council as the guarantor. This he said is in consonance with the council’s responsibility of providing traditional market entry support services to new entrants into the export world.
He said: “Let me reiterate that as a nation, Nigeria has a lot of potentials in non-oil exports. However, we need to put in a lot of efforts to harness these potentials, otherwise smaller countries with less human and material resources will take our share of the global export market. It is along this line of thinking that the present administration of the federal government of Nigeria draws its transformation agenda to unlock the potentials of the country through various projects and programmes.”
Source:-www.ngrguardiannews.com
