Business
FG Plans Border Markets To Boost Non Oil Export
The Federal Government has in Abuja said it had concluded plans to establish international border markets in six locations across the country.
The Minister of State for Trade and Investment, Mr Samuel Ortom, disclosed this at a news briefing on the 3rd Nigeria Non-Oil Export Conference, Exhibition and Award (NNECEA) 2012.
His message was delivered on his behalf by Malam Abubakar Aliyu, an Assistant Director in the ministry.
The minister said the measure was part of its strategy aimed at checking the problem of smuggling as well as enhancing the non-oil export growth.
He said the measure was to serve as a means of formalising the informal trade.
“The ministry will be working with all the stakeholders so that the quantum of trade in the sector will be captured,” he said, adding that “with the measure, Nigeria will be better off”.
The co-chairman of the Joint Planning and Implementation Committee of the conference, Mr Femi Boyede said there was a need for an aggressive development of the non-oil export.
He said the three-day conference, scheduled to hold between November 4 and November 6, was borne out of concern that the nation’s survival could no longer be anchored solely on crude oil export earnings.
Boyede stated that the conference, which would be attended by flourishing foreign companies across the globe, would also help to teach the participants about the products’ currently being exported and those with high export potential.
“NNECEA 2012 is not a talk show and that is the reason why the conference is not on the classroom presentation format.
“The format adopted is actually an interactive forum approach,” he said.
Mr Olajide Ibrahim, Director, Special Services, NEPC and chairman of the conference committee, said it was organised by the Nigerian Export Promotion Council (NEPC) in collaboration with Koinonia Venture Ltd.
He said it was being organised with the aim of expanding the country’s revenue base by focusing more on non-oil products in order to reduce Nigeria’s dependence on crude oil.
The director noted that the NEPC-Koinonia collaboration conference was in synergy with all the stakeholders in the sector which included NAFDAC, the Customs Service and other regulatory agencies.
Ibrahim also said that a major component of the conference would be the Presidential Export Awards which was incorporated to support highly performing companies and encourage upcoming ones to work judiciously to boost the economy.
“The award is not a social award; it is performance recognition as a tool that has been used by countries that are at the top ten of the world’s economy.
“The company which gets the best exporter award will be a challenge to other companies in the sector,” he said.
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