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NEPC targets $6bn non-oil revenue in 2024

The Nigeria Export Promotion Council (NEPC) said it was targeting an average of $6billion as non-oil export earnings in 2024.  Daily Trust on Sunday reports…

The Nigeria Export Promotion Council (NEPC) said it was targeting an average of $6billion as non-oil export earnings in 2024.

 Daily Trust on Sunday reports that the council announced few months back that the country made a total of $4.8bn as non-oil exports in 2023, implying that the country would have added additional $1.2bn to its exports earnings if the target was met.

 Speaking at a media workshop over the weekend, the executive director/chief executive officer of the council, Nonye Ayeni, said they were setting a mechanism to double the country’s export by adopting clear cut strategies in the area of certification.

 Represented by Dr Joe Itah, the director of trade information of the agency, she said, “Our target, in line with the Renewed Hope agenda, is to double or even triple exports as outlined, so we believe that if we made $4.8 bn in 2023, we would be able to double that to between $5bn and $6bn. Our strategy is in the area of certification.

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 “We have a programme called Go Global, Go Certification, where we collaborate with the Standard Organisation of Nigeria, Nigeria Customs Service, National Agency for Food and Drugs Control (NAFDAC) and other organised private sector participants to ensure that our exporters are certified to standards with regards to anything they want to export

 “Export reject is one area where the certification comes to play, so we want to address that issue head on, as well as the entire export value chain, which includes electricity, infrastructure and power,” the NEPC chief explained.

 

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