Alex Johnson
Tue, Aug 29, 2023 7:25 PM

Nigerian Export Promotion Council Urges Sokoto Traders to Enhance Export Trade Facilitation Mechanisms

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Nigerian Export Promotion Council Urges Sokoto Traders to Enhance Export Trade Facilitation Mechanisms
The Nigerian Export Promotion Council (NEPC) has called on traders in the Sokoto business community to improve their export trade facilitation mechanisms. With the implementation of the African Continental Free Trade Area (AfCTA), there are significant opportunities for businesses to expand their operations and contribute to the country's economic growth. NEPC emphasized the need for stakeholders to educate others about trade facilitation and its advantages.
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The Nigerian Export Promotion Council (NEPC) has urged traders in the Sokoto business community to improve their export trade facilitation mechanisms. Dr. Ezra Yakusak, the Chief Executive Officer of NEPC, made this call at a stakeholders' sensitization workshop on the advantages of the African Continental Free Trade Area (AfCTA) in Sokoto. The workshop aimed to educate stakeholders about the benefits of trade facilitation and how it can positively impact the country's economic growth.

Yakusak, who was represented by Ahmad-Sakaraiju, the NEPC Trade Adviser in charge of the Sokoto Zonal Office, highlighted the significant gains that can be achieved through trade facilitation. He emphasized the importance of efficient and transparent delivery of public services in ensuring high-security levels and effective government control.

Trade facilitation plays a crucial role in enhancing export trade by reducing trade barriers, simplifying procedures, and improving efficiency. It enables businesses to access new markets, increase competitiveness, and foster economic growth. With the implementation of the AfCTA, which aims to create a single market for goods and services across Africa, there are even greater opportunities for businesses in Nigeria to expand their operations.

NEPC called on stakeholders in the Sokoto business community to enhance their export trade facilitation mechanisms to take advantage of the opportunities presented by the AfCTA. By improving trade facilitation, businesses can streamline processes, reduce costs, and enhance their competitiveness in the international market.

The workshop served as a platform to educate stakeholders about the various trade facilitation measures, including customs procedures, transportation, logistics, and digital platforms. It emphasized the need for businesses to adopt best practices in export trade facilitation and comply with international standards and regulations.

NEPC encouraged stakeholders to educate others about the advantages of trade facilitation and the opportunities available through the AfCTA. By raising awareness and sharing knowledge, more businesses can benefit from trade facilitation and contribute to the economic growth of Nigeria.

The implementation of trade facilitation measures requires collaboration between the government, trade associations, and businesses. NEPC stressed the importance of fostering partnerships and creating an enabling environment that encourages innovation and growth in the export sector.

In conclusion, the Nigerian Export Promotion Council has called on traders in the Sokoto business community to enhance their export trade facilitation mechanisms. With the implementation of the AfCTA, there are significant opportunities for businesses to expand their operations and contribute to the country's economic growth. By improving trade facilitation, businesses can access new markets, increase competitiveness, and streamline processes. It is crucial for stakeholders to educate others about the advantages of trade facilitation and collaborate to create an enabling environment for growth.

Source of content: OOO News 2023-08-29 News

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