Towards improving Non-oil exports in Nigeria, the Central Bank of Nigeria (CBN) is partnering the Nigerian Ports Authority (NPA) and the Nigerian Customs Services (NCS) in tackling the\u00a0 challenges in the sector.
\nThe Bankers Committee, led by the CBN, NPA, and the NCS have resolved to form a working group to identify and implement measures to address constraints to non-oil exports.
\nThis was the major highlight of the maiden edition of the biannual non-oil summit organised by the Bankers Committee in Lagos.
\nAmong other things, the working group is to take measures to tackle logistics and documentation challenges in the non-oil export value chain.
\nThe decision to set up the working group follows appeals by the CBN Governor, Godwin Emefiele, to NPA, Customs and other stakeholder groups in the export value chain to support the achievement of the Race-to-$200 billion (RT200) non-oil earnings programme of the apex bank.
\n\u201cAchieving the $200 billion non-oil exports earnings requires partnership and support of all the government agencies and stakeholders.
\n\u201cMy hope is that this would be a problem-solving gathering. A summit that will guarantee that for every complaint, problem, issue, challenge or difficulty that is presented or identified, there will be one or several agencies or practitioners that can articulate options for solving that problem.
\n.\u201cI strongly believe that the ideas harnessed from this maiden summit would be invaluable in helping us reach our ultimate goal of $200 billion in non-oil exports over the medium term.
\n\u201cI want to appeal to the Managing Director, Nigerian Ports Authority and the Nigeria Customs that we establish a working group comprising the Bankers Committee, NPA, the Nigeria Customs and maybe a shipping line to resolve two issues.
\n\u201cWe have heard of people who want to export their goods queuing for weeks or months before their goods can go out.
\n\u201cWe need those export proceeds badly. It is sad that because of the problem of finding an easier route for goods to be exported out of the country.
\n\u201cNigerian exporters prefer to transport by road or sometimes in barges from Lagos to Accra or Republic of Benin to export from there.
\n\u201cDoing these, we lose the opportunity to earn export proceeds. Customs and NPA in the working group; we want you to look at the long run and the short run\u201d, Emefiele said.<\/p>\n","protected":false},"excerpt":{"rendered":"
Towards improving Non-oil exports in Nigeria, the Central Bank of Nigeria (CBN) is partnering the Nigerian Ports Authority (NPA) and the Nigerian Customs Services (NCS) in tackling the\u00a0 challenges in the sector. The Bankers Committee, led by the CBN, NPA, and the NCS have resolved to form a working group to identify and implement measures […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[60],"tags":[],"class_list":["post-297516","post","type-post","status-publish","format-standard","hentry","category-maritime"],"_links":{"self":[{"href":"https:\/\/www.thetidenewsonline.com\/wp-json\/wp\/v2\/posts\/297516","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.thetidenewsonline.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thetidenewsonline.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thetidenewsonline.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thetidenewsonline.com\/wp-json\/wp\/v2\/comments?post=297516"}],"version-history":[{"count":1,"href":"https:\/\/www.thetidenewsonline.com\/wp-json\/wp\/v2\/posts\/297516\/revisions"}],"predecessor-version":[{"id":297526,"href":"https:\/\/www.thetidenewsonline.com\/wp-json\/wp\/v2\/posts\/297516\/revisions\/297526"}],"wp:attachment":[{"href":"https:\/\/www.thetidenewsonline.com\/wp-json\/wp\/v2\/media?parent=297516"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thetidenewsonline.com\/wp-json\/wp\/v2\/categories?post=297516"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thetidenewsonline.com\/wp-json\/wp\/v2\/tags?post=297516"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}