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A Roundtable Event on the Diversification Study and Non-Oil Export Opportunities for Nigerian States Post-Covid-19

The Policy Development Facility Bridge program (PDF Bridge) held a Trade Policy Roundtable to discuss the findings and recommendations from its recent study titled “Diversification and Non-oil Export Opportunities for Nigerian States Post-Covid19”.

The objectives of the policy roundtable were;

  1. To provide a forum for relevant stakeholders to learn about and discuss the findings from the Export Diversification study;
  2. Through discussions, generate recommendations on necessary actionable steps towards reforms, process restructuring, elimination of various challenges identified in the study, and implementation of the study recommendations.

A Roundtable on the Export Expansion Grant

Export Expansion Grant (EEG) was established under the Export Incentives and Miscellaneous Decrees of 1986 and amended into an Act in 1992 to accomplish the diversification agenda of the Federal Government of Nigeria (FGN). Other export support funds created under the same Act are the Export Development Fund (EDF) and Export Adjustment Scheme Fund (EASF). The funds have been repositioned in the Economic Recovery and Growth Plan (ERGP) of 2017-2020. The EEG is a post-shipment incentive scheme aimed to achieve three key objectives: (i) to enable exporters to expand their businesses more conveniently, (ii) make Nigeria’s non-oil export more competitive, and (iii) facilitate greater and faster foreign market penetration.

PDF II (now PDF Bridge)’s Trade Policy Workstream funded a study on “Analysis and Impact of the Export Expansion Grant on Export Potential, Market Access and Export Competitiveness in Nigeria”. This policy roundtable discussed the findings and recommendations from this study.

AfCFTA Ratification Study

This study was commissioned by the PDF Bridge Programme with a specific term of reference for use by the Beneficiary, the Federal Ministry of Industry, Trade, and Investment (FMITI). It is expected that this report will provide current and actionable recommendations that will support FMITI on the AfCFTA ratification process and enhance its preparedness for implementation.

Analysis of the Potentials of Nigeria’s Services Sector for Economic Diversification, Employment, and Foreign Trade.

A roundtable event on the potentials of exporting the services sector in Nigeria. At the Roundtable, it was noted that among business owners and exporters, there is little understanding of what services export entails. Many businesses engage in service exports but are not aware of this. Understanding the four modes of services – Cross border trade, Consumption abroad, Commercial presence, and Presence of natural persons – is important for business growth. To achieve this, stakeholders including the NEPC will need to conduct capacity building and sensitisation workshops for exporters, working with relevant business associations.

Automating Form NXP

Through its Non-Oil Exporters Dialogues, the Nigerian Export Proceeds (NXP) Form was identified as a challenge. This was further identified in a study, Exporter Experience Study, commissioned by the workstream.  The problems with the NXP forms ranged from unavailability of the form to a lack of capacity within financial institutions to handle processing of the form as required for export documentation. The TRD Workstream engaged with the EBES on this issue and got commitment to automate the form, which despite the CBN stipulated timeline for processing by authorized dealers of 48 hours had not been happening.

 

Boosting non-oil exports

PDF II established a Non-oil Export Community of Practice which strengthens the voice of exporters and ensures their interests and concerns are reflected in new strategies, policies and legislation.

Boosting sales and exports

Osagie Azeta, CEO of Crop Safe Agro-Services, describes how the support delivered by PDF II has helped strengthen the capacity of his company, improving the quality of his products and boosting his sales and exports.

Branding and Packaging for Exports

This video provides training on branding and packaging for exports delivered by Kofoworola Ajelabi. Kofoworola is a highly-skilled professional with over 40 years of cognate experience in Product Packaging for the enrichment of marketability of consumer goods. The rich background in this specialized area spans across industrial and consulting responsibilities

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