MANEG Chairperson urges policy reforms to boost Nigeria’s non-oil export sector

Must read

- Advertisement -spot_img

The chairperson of the Manufacturers Association of Nigeria Export Promotion Group (MANEG), Odiri Erewa-Meggison, has called for urgent measures to improve Nigeria’s non-oil export performance. She identified high business costs, limited market access, and insufficient export incentives as critical obstacles stifling growth in the sector.

Speaking at the 3rd National Conference on Non-Oil Export, hosted by the Nigerian Export Promotion Council (NEPC) with the theme, “Promoting Non-Oil Export for Rapid National Economic Growth,” Erewa-Meggison underscored the urgent need to adopt policies that support export-driven manufacturing.

She emphasized the importance of aligning Nigerian products with international standards to prevent rejection in global markets. “From packaging to product quality, Nigeria’s exports must meet international standards to remain competitive. Awareness campaigns around compliance for key markets, such as restrictions on certain pesticides, are critical to success,” she stated.

Erewa-Meggison also advocated for Nigeria’s diplomatic missions and international banking networks to play a stronger role in promoting local goods globally.

Read also

Highlighting the Export Expansion Grant (EEG) as a lifeline for manufacturers, she called on the government to prioritize timely disbursement and reliable funding for the initiative.

“The Export Expansion Grant has been a game-changer for Nigerian exporters, helping to mitigate cost challenges. However, delays and reliance on promissory notes have reduced its effectiveness. We need the government to demonstrate commitment through consistent funding,” she said.

She further urged policymakers to tackle energy inefficiencies, emphasizing that greener and more cost-efficient solutions are necessary for sustainable growth.

Erewa-Meggison concluded by stressing the transformative potential of non-oil exports to bolster Nigeria’s economy, provided the government and private sector collaborate to address longstanding challenges.

This call for action aligns with broader efforts to diversify Nigeria’s economy, reducing reliance on oil revenues and fostering inclusive economic growth.


Discover more from SMALL BUSINESS INSIGHTS

Subscribe to get the latest posts to your email.

adverts@smallbusinessinsights.ngspot_img

More News

- Advertisement -spot_img

Updates

Discover more from SMALL BUSINESS INSIGHTS

Subscribe now to keep reading and get access to the full archive.

Continue reading