A Roundtable Event on the Diversification Study and Non-Oil Export Opportunities for Nigerian States Post-Covid-19
Associated resources
PDF II held a two-day capacity building training themed: “Capacity Building for Banks and DFIs”. This is designed to explore access to finance challenges, awareness campaigns, and opportunities that non-oil exporters face with banks in accessing finance. The capacity building covered topics such as Export Industry Regulations and Documentations, payment methods and trade finance instruments, Handling export finance options, managing export risks, understanding the franchising potential etc.
Against a backdrop of falling oil prices, the Nigerian government has woken up to its economic vulnerability to oil-related disruptions. This underscores the need for diversification to non-oil exports. PDF Bridge supported the drive towards growing non-oil export by supporting under-represented non-oil exporters through three strands of work: strengthening Nigeria’s ability to trade beyond its borders through the Network of Practicing Non-Oil Exporters of Nigeria (NPNEN), an export mentorship programme, which links experienced exporters with new and growing export businesses; and training sessions for micro, small and medium-sized enterprises (MSMEs) intending to export non-oil goods were held on; Market Entry Strategies, Understanding export documentation, Raising Finance for Export, Branding, and packaging for export. In addition, Roundtables were held on;
- Addressing Barriers to Access to Foreign Markets – An analysis of Spices & Herbs, Textiles & Garments, and Leather Products;
- Analysis and Impact of Export Expansion Grant on Export Potential, Market Access and Export Competitiveness in Nigeria;
- Improving Market Access through Digital Trade and;
- Analysis of Potentials of Nigeria’s Services Sector for Economic Diversification, Employment and Foreign Trade;
- Diversification and Non-oil Export Opportunities for Nigeria States Post-COVID19 Study
This study focuses on the determination of the impact of Nigeria’s textiles import restriction. Specifically, the study describes the structure of the global and Nigeria’s textile industries as well as the global value chain, and the policy environment surrounding the industry in a global and national perspective. It was conducted in 2013 with support from FCDO (formerly DFID).
Micro Small and Medium-Scale Enterprises (MSMEs) are integral to the stimulation of developing economies as exploiting the full capabilities of MSMEs will improve trade competitiveness aimed towards achieving the objectives of the Africa Continental Free Trade Area (AfCFTA). PDF Bridge Programme recognises the role that MSMEs can play in the implementation of the AfCFTA; and is supporting the National Action Committee of the AfCFTA Secretariat by funding this study.
The study ‘Diversification and Non-Oil Export Opportunities for Nigerian States Post-COVID-19’ was commissioned by the NEPC through the Policy Development Facility (PDF) Bridge Programme for use by the public and private sector stakeholders. Ernst & Young conducted a market analysis on six prioritised products from the Zero Oil Initiative and provided strategic recommendations.
PDF Bridge has now developed a policy brief for stakeholders to highlight the key issues and recommendations. The full study can be accessed here.
