To get MSMEs actively involved on the exporters’ value chain, ‘before the border’ and ‘beyond the border’ issues must be addressed and resolved. Currently, there have been threats to reaching inclusive solutions as most MSME voices are either underrepresented or hijacked by a few. In this regard, PDF II steps in with its balanced approach focused on the building blocks of long-term trade policy by strengthening alternative (or under-represented) voices that can feed into the policy process. It is in this regard that 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.
Capacity Building for Banks and DFIs
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Number of pages: 236
File size: 18MB
This report presents a market analysis of the 22 identified products of the Zero-oil initiative providing a comprehensive analysis on the export potentials, key markets, existing value chain, and quality requirements of six (6) key products namely; Soya, sugar, rubber, leather, cocoa beans, and ginder.
Trade Associations play a role in promoting appropriate policies, regulations, and necessary reforms relating to their sector of operations. They create opportunities for networking and consultations among industry players as well as being a voice when it comes to new regulations and legislations while encouraging best practices among its members. According to Peter Gomersall, trade associations exist to support their members and further their interests, to defend them when they are under threats and to promote a common position on issues affecting the environment in which they operate.
Given the foregoing, the PDF Bridge Trade Policy Workstream organised a two-day capacity-building session targeted at strengthening the leadership of non-oil export-related trade associations and improve on their business strategy to position them to take advantage of the opportunities in the non-oil export value chain. The sessions had in attendance delegates from government agencies such as FMITI, NAQS, FMARD, NOTN, CBN as well as executives of trade group drawn from various industries including agricultural commodities farmers, agricultural commodities exchange and aggregators, industrialists, agro-processors, women, and youth development groups, textile and apparel among other participants.
REFORM OPTIONS FOR REDUCING THE TIME, COST, AND NUMBER OF PROCEDURES FOR TRADING ACROSS BORDERS IN NIGERIA
The lack of improvement and deterioration in Nigeria’s export trade performance rankings such as measures of time and cost associated with exporting and importing a standardized cargo of goods reinforces the need for Nigeria to undertake urgent and extensive reform to improve its trading across borders performance. This research provides immediate, medium and long term reform options.
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.
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