Export experts harp on capacity building to boost sector
• Govt targets additional $1.5bn for ICT
To harness the huge potential in the export sector currently worth about $500 million with over $12billion opportunities, experts have stressed on the need for a highly structured environment and capacity building to address knowledge gap.
This is just as the federal government is targeting additional Foreign Direct Investment (FDI) in excess of $1.5billion, to harness potential in the Information Communications Technology (ICT) industry.
The experts said this during the eCam2019 Nigeria Export Summit & Awards, themed: “The digital era business on the move: Export on the fast lane,” focused on utilising ICT to promote investment and export.
Speaking at the event, Chairman, NACCIMA Export Group, Kola Awe, said about 90 per cent of the exporters in Nigeria have no formal training, and had to learn through unsavoury experiences, and called for the development of curricula for that purpose.
“Nigeria non-oil export sector has huge potential, hence, the need to train new hands to utilise and benefit immensely from the sector. There are a lot of pitfalls and lose ends that could be avoided if there is a proper guide,” he added.
The Central Bank of Nigeria (CBN), on Monday, unveiled a N500billion low interest rate non-oil export facility. The apex bank in the guidelines of the: The Non-Oil Export Stimulation Facility (ESF), said the fund was established to support the diversification of the economy from oil, and to expedite the growth and development of the non-oil export sector.
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