26.6 C
New York

FG Working Towards Nigeria’s Removal From EU Restriction List – NEPC

According to the Nigerian Export Promotion Council (NEPC), the Ministry of Industry, Trade and Investment have established a committee composed of the NEPC and other regulatory agencies to ensure that Nigeria is removed from the European Union’s (EU) restriction list.

Dr. Ezra Yakusah, Executive Director and Chief Executive Officer of NEPC, stated on the sidelines of its advocacy program on export trade house in Cairo, Egypt, that the committee, which has less than two months to go, was specifically formed to make recommendations on how to remove Nigerian products from the EU list.

According to him, the Council is also taking proactive steps to ensure that some of these products are removed from EU restrictions by ensuring that they meet EU requirements.

“Sometimes the problem is due to poor packaging and a lack of mandatory or voluntary certifications,” he says. So we decided to take on the challenge by deploying our ‘go global, go for certification’ program to provide free training to over 150 Small and Medium Enterprises (SMEs). We want to make certain that these items are removed from the EU list.

He stated that the Council established the Export Trade House (ETH) under a Public-Private Partnership (PPP) arrangement to fulfill its mandate of promoting the development and diversification of Nigeria’s non-oil export base.
READ MORE: Diesel Cost Making Living Unaffordable In Gated Communities – NBS

He stated that the ETH is a council initiative to create a central location where Made-in-Nigeria products can be shipped, displayed, and distributed to various parts of the world.

“This is thus consistent with the concept of a trade house that purchases and sells products for other businesses using their international expertise, as is practiced in countries such as China, Switzerland, the United States, Singapore, and the United Kingdom,” he added.

Businesses that use trade houses, he claims, can benefit from their expertise and insight into the international markets in which they operate, as well as gain access to vendor financing through loans and credits.

“The project is one of the Council’s facilities aimed at increasing Nigeria’s international market share,” he continued. This is exacerbated by the need for aggressive marketing to boost productivity, expand the economy, and facilitate economic growth through non-oil exports. It is also a means of addressing the ever-increasing challenge of dwindling oil revenue as the world shifts away from oil and toward other energy sources such as electricity for automobiles and solar power.”

He emphasized that the Council had adopted the concept of ETH to further drive non-oil exports to increase market share and maximize the benefits of the African Continental Free Trade Agreement (AfCFTA).

He stated that the Council intends to establish Export Trade Houses in various locations around the world, including Cairo, Egypt, Nairobi, Kenya, and Johannesburg, South Africa.

“Other places include Hunan, China, Ottawa, Canada, Saudi Arabia, and Lome, Togo.” “These are to cover export activities in the various regions of the world that Nigeria is targeting,” he explained.

The NEPC CEO added that the ETH was launched on March 21, 2022, in Sadat City and is expected to improve value addition on Nigerian exports of products through cleaning, processing, distribution, and marketing, resulting in economies of scale, an international foothold in finding new customers, and currency risk management.

He stated that the ETHs’ goals include increasing the visibility of made-in-Nigeria products outside of Nigerian borders, lowering the cost of logistics for Nigerian SMEs, and increasing Nigeria’s share of the targeted markets.

He also stated that the ETHs would create jobs for the country’s teeming youths and increase foreign currency inflows into the Nigerian economy.

Mr. Mousallati Ghazwan, Chief Executive Officer of Agriverdi, also spoke, stating that the main problem in today’s commodity trades in Nigeria and around the world is a lack of transparencies, marketing, and reach between local suppliers and end-users.

He stated that a lack of transparencies creates uncertainty and confusion in pricing and supply, resulting in over or under-supply to international markets.

In proposing solutions to the problem, he emphasized the importance of effective collaborations between local and international partners.

He stated that the ETH was established to facilitate the business cycle of all Nigerian agricultural commodities such as sesame, hibiscus, peanuts, cashew, soya seeds, ginger, and so on.

JOIN OUR NEWSLETTER

- Advertisement -

Our newsletter gives you access to a curated selection of the most important stories daily.

- Advertisement -

Must Read

Uchara Faith
Faith is a valiant writer who has an undisputed passion for writing. She has worked with many highly reputable companies as content creator, radio presenter. She has a book to her name titled ECHO OF A DISTRESSED HEART. She's goal driven oriented person.

According to the Nigerian Export Promotion Council (NEPC), the Ministry of Industry, Trade and Investment have established a committee composed of the NEPC and other regulatory agencies to ensure that Nigeria is removed from the European Union’s (EU) restriction list.

Dr. Ezra Yakusah, Executive Director and Chief Executive Officer of NEPC, stated on the sidelines of its advocacy program on export trade house in Cairo, Egypt, that the committee, which has less than two months to go, was specifically formed to make recommendations on how to remove Nigerian products from the EU list.

According to him, the Council is also taking proactive steps to ensure that some of these products are removed from EU restrictions by ensuring that they meet EU requirements.

“Sometimes the problem is due to poor packaging and a lack of mandatory or voluntary certifications,” he says. So we decided to take on the challenge by deploying our ‘go global, go for certification’ program to provide free training to over 150 Small and Medium Enterprises (SMEs). We want to make certain that these items are removed from the EU list.

He stated that the Council established the Export Trade House (ETH) under a Public-Private Partnership (PPP) arrangement to fulfill its mandate of promoting the development and diversification of Nigeria’s non-oil export base.
READ MORE: Diesel Cost Making Living Unaffordable In Gated Communities – NBS

He stated that the ETH is a council initiative to create a central location where Made-in-Nigeria products can be shipped, displayed, and distributed to various parts of the world.

“This is thus consistent with the concept of a trade house that purchases and sells products for other businesses using their international expertise, as is practiced in countries such as China, Switzerland, the United States, Singapore, and the United Kingdom,” he added.

Businesses that use trade houses, he claims, can benefit from their expertise and insight into the international markets in which they operate, as well as gain access to vendor financing through loans and credits.

“The project is one of the Council’s facilities aimed at increasing Nigeria’s international market share,” he continued. This is exacerbated by the need for aggressive marketing to boost productivity, expand the economy, and facilitate economic growth through non-oil exports. It is also a means of addressing the ever-increasing challenge of dwindling oil revenue as the world shifts away from oil and toward other energy sources such as electricity for automobiles and solar power.”

He emphasized that the Council had adopted the concept of ETH to further drive non-oil exports to increase market share and maximize the benefits of the African Continental Free Trade Agreement (AfCFTA).

He stated that the Council intends to establish Export Trade Houses in various locations around the world, including Cairo, Egypt, Nairobi, Kenya, and Johannesburg, South Africa.

“Other places include Hunan, China, Ottawa, Canada, Saudi Arabia, and Lome, Togo.” “These are to cover export activities in the various regions of the world that Nigeria is targeting,” he explained.

The NEPC CEO added that the ETH was launched on March 21, 2022, in Sadat City and is expected to improve value addition on Nigerian exports of products through cleaning, processing, distribution, and marketing, resulting in economies of scale, an international foothold in finding new customers, and currency risk management.

He stated that the ETHs’ goals include increasing the visibility of made-in-Nigeria products outside of Nigerian borders, lowering the cost of logistics for Nigerian SMEs, and increasing Nigeria’s share of the targeted markets.

He also stated that the ETHs would create jobs for the country’s teeming youths and increase foreign currency inflows into the Nigerian economy.

Mr. Mousallati Ghazwan, Chief Executive Officer of Agriverdi, also spoke, stating that the main problem in today’s commodity trades in Nigeria and around the world is a lack of transparencies, marketing, and reach between local suppliers and end-users.

He stated that a lack of transparencies creates uncertainty and confusion in pricing and supply, resulting in over or under-supply to international markets.

In proposing solutions to the problem, he emphasized the importance of effective collaborations between local and international partners.

He stated that the ETH was established to facilitate the business cycle of all Nigerian agricultural commodities such as sesame, hibiscus, peanuts, cashew, soya seeds, ginger, and so on.

JOIN OUR NEWSLETTER

Our newsletter gives you access to a curated selection of the most important stories daily.

Specially For You

- Advertisement -

Recommended

- Advertisement -
- Advertisement -