Business
Stakeholders Explore Non-Oil Exports Strategies
Stakeholders in the Non-
Oil Export sector represented by state Committees on Export Promotion in the various states of the federation have met in Lagos to discuss techniques of non-oil exports in the country tagged, “Techniques of Non-Oil Export Project Formulation and Implementation”. The two day intergrated capacity building workshop for stable committees on export promotion, also presented a platform for the launch of the One State One Product campaign by the Nigerian Export Promotion Council (NEPC).
The council in a statement issued at the end of the first day of the programme late last week remarked that in view of dwindling oil revenue, coupled with the need to increase the basket for exportable products from Nigeria, it had concluded arrangements to launch the OSOP initiative targeted at developing and promoting one product for export per state.
The statement added that the initatitive had taken cognizance of the country’s comparative advantage in terms of the vastness of its natural endowments as well as effort to diversity the nation’s revenue base using Nigeria’s Industrial Revolution Plan.
The council in the statement further noted that under the NIRP, it had identified 13 national strategic export products that would replace oil.
It listed the 13 products which fell into various categories of agro-industrial, mining, oil and gas, industrial products, palm oil, cocoa, sugar, rice, cashew, petroleum products, fertilizer/Urea, petrochemical and menthol.
“Stakeholders in the sector are of the opinion that when OSOP becomes operational, it is `expected to shore up the revenue of the 36 federating states, provide jobs as well as create wealth along the value chain” the statement read.
Presenting a paper at the workshop, the Executive Director/CEO of NEPC, Mr Olusegun Awolowo remarked that using the country’s comparative advantage, one product would be adopted in each state and developed down its value chain to enhance competitiveness and achieve economic inclusion.
“Although Nigeria is among the world’s largest producer of seven agricultural export commodities, including cassava, yams, shea, nuts and sorghum, it is not reflected in global trade” he said.
According to the NEPC boss, the programme would afford stakeholders to prepare for the implementation of the plan, thus ensuring qualitative products for non-oil exports.
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