The Nigerian Export Promotion Council NEPC has approved specific Domestic Export Warehouse (DEW) to streamline export procedures and documentation. It also provides platform for interface among exports related agencies and exporters. NEPC Executive Director, Olusegun Awolowo who disclosed this in Abuja at the presentation of approval letters to selected DEW operators said Nigeria has not been able to convert its enormous comparative advantage in the production of agricultural primary produce to competitive advantage in the global market place as a result of supply chain constraints. He also noted that the ability to resolve the challenges will go a long way in tackling supply chain gaps in the export value chain as well as substantially increase non-oil export volume and value by between 25%-30% as projected by the International Trade Center (ITC). The Council’s quest to mitigate export-related supply chain constraints necessitated the proposal for the setting up of Domestic Export Warehouse. The NEPC helmsman however, appealed for Inter-Agency synergy to enable the concept work as it is envisaged to be a game-changer in the non-oil supply chain.
Emmanuel Ogbu 462 posts 0 comments