NEPC eyes 40% increase in exports through trade houses

Speaking during an event entitled, ‘Advocacy Programme on Export Trade House, Cairo, Egypt’, in Abuja, the Chief Executive Officer of the NEPC, Dr Ezra Yakusak, said the export trade houses were targeted at driving market access for Nigerian products.

He said through the export trade house in Cairo, Nigerian products would be shipped, warehoused, displayed and purchased in the North African country, stressing that the trade houses would enhance the visibility of made-in-Nigeria products outside the Nigerian shores, while reducing the cost of logistics on the Nigerian small and medium enterprises

He further said that the trade houses would increase the share of Nigerian products in the targeted markets, create employment for citizens and increase foreign exchange inflows into the economy. “Businesses that use trade houses can benefit from its expertise and insight into international markets they operate in as well as get access to vendor financing through loans and credits,” Yakusak said,

“The project is one of the Council’s facilities aimed at increasing Nigeria’s international market share. This is further necessitated by the need for aggressive marketing to increase productivity, enhance expansion and facilitate economic growth through non-oil export. It is also a way of addressing the ever-increasing challenge of dwindling revenue from oil as the world is fast moving away from oil to other sources of energy such as electricity for automobiles and solar power,” he noted.

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