NEPC partners 29 banks to drive non-oil sector growth

The Nigerian Export Promotion Council (NEPC) says it is partnering with about 29 banks to drive non-export growth in the country.

Executive director of the council, Dr Ezra Yakusak, stated this in Abuja on Thursday  at a capacity building programme for Export Desk Officers of various banks which had the theme, ‘Enhancing Non-Oil Export Growth through Effective Export Procedures, Documentation and Logistics’.

Dr Yakusak said the training was strategic because bankers are equipped with the necessary export knowledge and expertise and would work more efficiently to complement each other towards the promotion of export business in the country.

He said, “Without the banks, no formal export trade can be undertaken because the various NXPs are usually processed by banks. May I inform you that in the year 2022 non-oil export performance report, a total number of 30 banks participated in the issuance and processing of NXPs forms. This led to a total export value of $4.8billion, the highest recorded since the creation of the NEPC in 1976.”

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Speaking further, the ED noted that improvement in the non-oil export performance is partly as a result of the contributions of strategic stakeholders, particularly banks that have supported export business to record huge export earnings.