Non-oil products: ‘Value addition, others can boost exports’
The Trade Promotion Advisor and Expert Assistant at the Nigerian Export Promotion Council (NEPC), Mr Macpherson Fred-Ileogben, yesterday, said that value addition and organic farming can boost the export of non-oil products.
Speaking in an interview with the News Agency of Nigeria (NAN) in Benin Fred-Ileogben said that these strategies were necessary to enable Nigerian exporters know how to make their products acceptable in the foreign markets and earn more value.
He said that the federal government was looking at diversifying the country’s resource generation from oil to non-oil products.
“So, exporters and would-be exporters should key into this policy and generate more foreign exchange for the country and in the same vain strengthen the valve of the naira,”he said.
The non-oil export commodities contributed less than 10% to the export volume and less than three per cent to the total volume of trade in Nigeria in 2015.
The Managing Director of Nigerian Ports Authority (NPA) Malam Habib Abdullahi, said recently that over 86% of imported laden containers left Nigeria empty due to low export.
He said that development had resulted into the loss of revenue that would have accrued if they left Nigeria laden with export commodities.
“It is also important to highlight that agricultural products accounted for over 90% of the Nigerian non-oil export commodities, basically cocoa beans and palm kernel,” Abdullahi had said.
On value chain addition, the NEPC trade advisor said: “On the average, our products are up to standard but we have to do more so that they can compete well at the international market.
“The country needs to do more in the aspect of infrastructure, such as improving power, processing facilities, access roads and rail transportation to ease conversion of raw materials into semi-finished or finished goods for exportation.
“This is because most semifinished or finished products attract more value at the international market than products in their raw forms. If you are taking anything outside the country, we expect that the standard and packaging should be acceptable abroad,”he said.