Nigeria emerges global leader in cocoa yam, melon, shea nut, others export

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Workers arrange bags containing cocoa beans at a cocoa processing factory in Ile-Oluji village in Ondo state, southwest Nigeria March 30, 2016. REUTERS/Akintunde Akinleye

The Nigerian Export Promotion Council, (NEPC) on Monday ranked the nation as global leader in the export of seven agricultural produce namely yams, cocoa yam, cassava, Melon, Kola nut Sorghum and Shea nut.

This was revealed in Lagos by Chief Executive Officer of the Council, Mr. Olusegun  Awolowo at a business seminar on titled: ‘provision of a seamless logistics service as a panacea for economic growth ‘

He noted that the feat was achieved because of the Council’s decision to streamlining the procedures and documentation of export.

Awolowo said streamlining procedures and documentation to achieve optimality in cost was necessary for competitiveness in the export market.

He explained that there are 22 steps to exporting goods and lengthy and cumbersome procedures tend to add to cost of doing business.

He further hinted that opportunities available in non-oil export will remain a mirage if the issue of procedures and documentations remained cumbersome.

In his words: “While time is recorded in calendar days or average duration of the company interaction with various agencies, cost captures official fees paid for certificates and testing as both procedure and documentation are dependent on time and cost.

“Trade dynamics are evolving, competition for Foreign Direct Investments (FDIs) and easier ways of doing business are increasingly impacting trade relations.”

Explaining further, Awolowo said that the NEPC has also stepped up efforts at encouraging private investors to build export warehouses to serve as one stop shop for non-oil exports adding that the availability of all relevant inspection and certification agencies under the same roof will also reduce cost.

In his opening remarks, convener of the conference Mr. Ali  Shobande said that the move to establish an export terminal at the Lilipond in Apapa was to further reduce the cost of exporters in the course of doing their businesses.

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Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.

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