$2.970bn Growth Increase in Non-Oil Export— NEPC

In a meeting organised by the Nigerian-British Chamber of Commerce, NBCC, tagged ‘’A New Dawn For Nigerian Export ’’ the Executive Director/CEO, NEPC, Mr. Olusegun Awolowo, said Nigeria’s export is dominated by oil, however, there has been steady growth in Non-oil export to $2.970 billion in 2013, a 15.9 per cent increase over $2.561 in 2012.
According to him, the non-oil export potentials have not been fully exploited despite endowed natural resources solid minerals, agriculture, adding that some of the challenges are due to inadequate infrastructure, energy, lack of finance, skills and capacity.
He also said, the challenges facing the non-oil export  in Nigeria are infrastructural insufficiency, poor standardisation of products, high cost of production, forgery of documents, weak linkages to chain supply, unwholesome trade practices, and exports dominated by primary products, inability to meet export orders, limited access to credit and trademark.
He believed that for Nigerians to position efficiently in the international market, Nigerian goods for export must meet competitiveness standards – identify global benchmarks, invest in skill, technology & innovation, provide conducive and stable Export Policy Environment, intensify PPP collaborations, consult widely with stakeholders, address issues of market failure, partner with Bi-lateral chambers of commerce on export opportunities and promotion, as well as engaging Nigerians in Diaspora, take best advantage of trade preference programmes –  and imbibe E-Commerce culture to reduce cost and time.