Economy

Non Oil Exporters Demand One Stop Processing System to Boost Global Competitiveness

Share
Share

Stakeholders in Nigeria’s non oil export sector have called for the elishment of a unified one stop export processing system to tackle regulatory bottlenecks, reduce operational costs, and improve the country’s competitiveness in global markets.

The demand was made during a policy roundtable focused on enhancing market access for non oil exports under frameworks such as the African Continental Free Trade Area and the Developing Countries Trading Scheme. The event brought together policymakers, regulators, development partners, and private sector stakeholders to discuss challenges and propose actionable reforms.

National President of the Network of Practicing Non Oil Exporters of Nigeria, Ahmad Rabiu, highlighted key structural barriers affecting exporters. These include weak infrastructure, limited capacity to meet international quality standards, and inefficiencies within regulatory institutions.

Rabiu stressed the importance of adopting export strategies tailored to Nigeria’s domestic realities, pointing to countries like Malaysia as examples of success through policy alignment with local capacity. He also advocated for the revival of inland ports to ease cargo movement and reduce congestion at seaports.

Similarly, President of the Nigeria Trade and Investment Center Canada, Olufemi Boyede, identified limited access to finance, poor logistics, and inconsistent policies as major constraints. He emphasised that the presence of multiple regulatory agencies at export points significantly increases costs and reduces efficiency.

Also speaking, Executive Director of African International Trade and Commerce Research, Sand Mba, noted that most exporters face significant challenges even before reaching border points. These include logistics difficulties, compliance burdens, and unofficial charges.

He revealed that about 62 percent of exporters struggle with pre border constraints, limiting their ability to scale operations and access international markets.

Participants at the forum agreed that better coordination, improved access to finance, and stronger institutional support are essential to unlocking opportunities in the non oil export sector.

Share

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles
EconomyPolitics

Nigerian Analyst Challenges US Assessment of Federal Fiscal Transparency

A prominent Nigerian legal practitioner and public affairs analyst has mounted a...

EconomyEntertainmentMetro

Mr Eazi’s Choplife Sets Up Base in Itana Digital Special Economic Zone to Scale African Creative Business

Nigerian musician turned entrepreneur Oluwatosin Ajibade, widely known as Mr Eazi, is...

Economy

Senate Issues 48 Hour Ultimatum to Four Oil Companies Over NEITI Audit Queries

Four major oil companies operating in Nigeria now face a critical deadline...

Economy

Inflation Data and Consumer Spending Take Center Stage as Markets Eye Fed Policy Shift

While many traders escape to summer vacations, financial markets face a pivotal...

EconomyWorld

UK economy shows resilience with expected second quarter growth despite Iran war pressures

Britain's economy is on track to deliver another quarter of growth despite...

Economy

Oklahoma Tribal Finance Leaders Celebrate Decade of Growth with Black Tie Masquerade Gala

Oklahoma's tribal finance leaders will don masks and formal attire this October...

Economy

Consumer Spending Slowdown Threatens Job Market Growth as Inflation Bites

America's job creation engine is losing steam as inflation weary consumers increasingly...

EconomyMetro

Senate probe into oil sector audit hits roadblock as CBN, NDDC and NUPRC skip hearing

A high stakes Senate investigation into Nigeria's oil and gas sector transparency...