.jpg "NEPC/SMEDAN Partners To Elevate Export Prospects for SMEs in Nigeria")
NEPC/SMEDAN Partners To Elevate Export Prospects for SMEs in Nigeria
Sunday, 21 January 2024
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In a significant collaborative effort to enhance export opportunities for Small and Medium Enterprises (SMEs) in Nigeria, the Nigerian Export Promotion Council (NEPC) and the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) have united their efforts. This strategic alliance aims to streamline trade facilitation, fortify export activities, and propel economic growth within the nation.
During a recent meeting held in Abuja, Nonye Ayeni, the Executive Director/CEO of NEPC, highlighted the vital role of strategic collaboration. Ayeni unveiled the initiation of the "Operational Double Your Export" initiative by NEPC, a program strategically designed to elevate both the volume and value of products proudly made in Nigeria. CONTINUE READING......
The program outlines a comprehensive plan focusing on the development and promotion of 20 key products with global market potential, targeting 15 specific markets. The primary goal is to facilitate exports by engaging with companies capable of competing on the global stage.
Charles Odii, the Director General of SMEDAN, underscored the critical importance of capacity building in the export business, particularly for the 96 percent of businesses classified as Small and Medium Entrepreneurs (SMEs). With a presence in all 36 states, SMEDAN aims to complement NEPC's efforts by aligning with the One State One Product (OSOP) initiative and proposing a joint capacity-building program. CONTINUE READING.....
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Odii further advocated for the reduction of trade barriers, the stimulation of market access, and the encouragement of special funding for SMEs by the African Continental Free Trade Area (AfCFTA) to enhance exports within the regional bloc.
This groundbreaking partnership between NEPC and SMEDAN symbolizes a concerted effort to empower Nigerian SMEs, foster global competitiveness, and navigate the evolving landscape of international trade. As both agencies collaborate to enhance trade facilitation, the "Operational Double Your Export" program emerges as a pivotal initiative poised to propel Nigeria's economic prowess on the global stage.
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