PDF Bridge Monthly Newsletter – Tenth Edition

We are happy to share the March special edition of the Bridge Digest with you. This edition features the official presentation of the Study To Inform The Ratification Of The African Continental Free Trade Agreement (AfCFTA) by the PDF Bridge Programme Manager Dr Titilola Akindeinde to the Minister of Industry, Trade and Investment (FMITI), Otunba Richard Adeniyi Adebayo CON. This story and many more have been put together for your reading pleasure.

Raising Finance For Your Export Business

This training addresses the knowledge and skill gaps in accessing the export market. PDF Bridge through this contributes to the vision to grow Nigeria’s non-oil export to an average of 20% of total export by the year 2030.

Rebuilding Nigeria’s Economy through Non-Oil Exports: A Strategic Imperative

The Non-Oil Export Community of Practice became the vehicle through which exporter voices became heard and grew in strength and in numbers. By the end of the PDF II program, the Community of Practice was formalised into a registered Non-Governmental Organisation (NGO) called the ‘Network of Practicing Non-Oil Exporters of Nigeria (NPNEN)’ to continue the efforts initiated during the PDF II. NPNEN was set up as an umbrella platform for collaboration among the different actors in Nigeria’s non-oil export value chain. NPNEN convened its major flagship event, the annual Non-oil Export Conference, Exhibition and Awards (NECEA) which is also a vehicle for actualizing its objectives.
The 2021 NECEA brought together critical stakeholders in the non-oil sector including top officials of government, civil society, private sector, the media, and academia to dialogue on how to refocus the country’s non-oil sector, for more effective participation in global trade, especially within the framework of the recently operationalized African Continental Free Trade Agreement. Given also the current state of Nigeria’s economy as evident in the downward spiraling of the Naira, there is certainly a need to revitalize the economy primarily through non-oil exports. The NECEA was a good medium to beam the spotlight on the alternative to oil as the mainstay of the economy.

Report on Non-oil Export Capacity Building Series

The Trade Policy Work Stream started out by conducting a needs assessment to get direct feedback from export-oriented MSMEs, export-supporting government institutions, and export business service providers to ascertain the capacity gaps. The top 5 challenges highlighted by the respondents include lack of market linkages, lack of finance, lack of market intelligence, limited knowledge of destination country requirements, and Export documentation.

Respondents were further asked about what they would like to see if there is an opportunity for assistance with capacity building for export readiness and export market access. Each responded provided its top 3 areas of preference for capacity building. The findings from the overall assessment provided a guide on areas to address.

In response to their needs, TRD workstream designed a targeted capacity building for the non-oil export community of practice to address the knowledge and skill gaps through a 4-part Export Capacity Building (CB) Series.