The Nigerian Export Promotion Council (NEPC) has adopted the concept of Export Trade House to further drive the non-oil export with a view to increasing market share and take maximum advantage of the African Continental Free Trade Area Agreement (AfCFTA).
The NEPC established the Export Trade Houses under a Public Private Partnership arrangement in furtherance of fulfilling its mandate of promoting the development and diversification of Nigeria’s non-oil export base.
The Executive Director, NEPC, Ezra Yakusak who disclosed this in Abuja at an Advocacy programme on the Export Trade House, Cairo Egypt with the theme “Leveraging on Export Trade House to Boost Exports from Nigeria” said the initiative is aimed at increasing Nigeria’s international market share.
He noted that 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.
The NEPC boss further highlighted some of the objectives of the Export Trade House to include the enhancement of the visibility of made-in-Nigeria products outside the shores of Nigeria as well as reduce the cost of logistics on the Nigerian Small and Medium Enterprises.
In his presentation, the Chief Executive Officer, Agraverdi, Cairo Egypt, Mousallati Ghazwan while spotting some of the challenges faced by Exporters as lack of transparency and Marketing among others, stated the way forward.
The Council however, disclosed that it intends to establish the Export Trade Houses in different centres around the globe namely Cairo in Egypt, Nairobi in Kenya and Johannesburg in South Africa, amongst other countries.
