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The Nigerian Export Promotion Council (NEPC) and the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) are joining forces to enhance export opportunities for Nigerian Small and Medium Enterprises (SMEs).
The collaborative effort aims to streamline trade facilitation and elevate the export landscape in the country.
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During a meeting in Abuja, Nonye Ayeni, the Executive Director/CEO of NEPC, stressed the strategic significance of collaboration. Ayeni highlighted The Nigerian Export Promotion Council’s launch of the “Operational Double Your Export” program, designed to amplify the volume and value of Made-in-Nigeria products.
The initiative focuses on the development and promotion of 20 key products with global market potential, targeting 15 markets. The goal is to facilitate exports by forming partnerships with companies capable of global competitiveness.
Charles Odii, the Director General of SMEDAN, emphasized the pivotal role of capacity building in export business, particularly for the 96% of businesses classified as Small and Medium Entrepreneurs (SMEs).
With offices spanning the 36 states, the Small and Medium Enterprises Development Agency of Nigeria aims to complement NEPC’s efforts, aligning with the One State One Product (OSOP) initiative. Odii proposed a joint capacity-building program to further support SMEs.
Odii also 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.
The collaborative efforts between The Nigerian Export Promotion Council and the Small and Medium Enterprises Development Agency of Nigeria signify a strategic partnership aimed at fostering a conducive environment for SMEs to thrive in the global export market.
