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Unless registered exporters are grounded in the rudiments of export business and fully discouraged from informal export, Nigeria will continue to lose enormous money in export trade.
Segun Awolowo Executive Director Nigerian Export Promotion Council stated this in Enugu at a day programme tagged “Export Clinic” specifically organised for newly registered exporters in the zone by NEPC.
Awolowo represented by Gertrude Ukoanam Regional Coordinator NEPC Enugu regional office, regrated that Nigerias are losing a lot from informal export because the operators lack knowledge on what should be done, saying that such informal business does not impact on the nation’s GDP.
According to the CEO, “what we are lossing was enormous that you can’t get statistic and it can not impact on the GDP, that is why informal export is killing, it does more harm to the economy because it is not captured by CBN and also in the GDP”.
Awolowo said the council would not relent in training and organising workshops for intending exporters in Nigeria to achieve a system where informal export would be discouraged while formal are encouraged to enhance the nations economic development particularly in this economic challenges.
The initiative of the programme he said was aimed at educating and sensitising new exporters on the fundamentals of Export Business to ensure successful ventures saying that they would benefit more exporting formaly because the reparation of the proceeds 100 percent belongs to them and that the government was not taking any thing from it.
The chairman of the occasion Vitalis Onyaogusiri director El.Shaddai Nigerian Limited who is an established exporter shared his experiences with them for encouragement.
Papers were also presented in various topics such as, An overview of the Nigerian Export promotion council by Hassan Francis Abba.
Export procedure and documentation in the non- oil export trade by Eno Ukeme Udoh among others.
Regis Anukwuoji
