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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.

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.

Capacity Building for Trade Associations

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[1], 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.

[1] https://www.iiste.org/Journals/index.php/JEDS/article/download/7852/8030

Capacity Building for Trade Associations (Day 2)

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[1], 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.

[1] https://www.iiste.org/Journals/index.php/JEDS/article/download/7852/8030

 Here is a link to Day 1 of the training.

Diversifying towards non-oil exports in Nigeria

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.

Enabling Nigerian firms to become export ready

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

Engagement with the legislature

Dr. Dapo Oyewole and Dr. Greg Ezeilo, PDF Bridge Technical Advisors appointed to support the Office of the Speaker and the Public Accounts Committee of the House of Representatives respectively discuss their contributions to pro-poor policies.

Improving Trade Policies in Nigeria

Crude oil prices took a deep plunge in April 2020 with Brent Crude dropping below $20 per barrel. With the ongoing Covid-19 pandemic and crashing oil prices, the need for Nigeria to be less reliant on oil becomes more glaring. The Policy Development Facility Bridge programme’s Trade Policy Workstream (TRD) has been supporting the growth of the non-oil export sector since its predecessor programme Policy Development Facility II (PDF II). The support is a two-pronged approach that is targeted at increasing the number of export-ready MSMEs in the non-oil export trade. This approach explores enabling the identified underrepresented export-oriented voices in economic policy and strengthening the sustainable participation of exporter groups. Listen to the changes that have occurred.

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