Niger Delta
Nigeria To Increase Non-Oil Export Revenue To $25bn
The Nigeria Export Pro
motion Council (NEPC) says it has made strategies to increase the nation’s earning from the non-oil export from 2.7 billion dollars to 25 billion dollars by 2025.
This was disclosed by the Executive Director of the NEPC, Mr Olusegun Awolowo, at a one day workshop on “The legal aspects of export contract’’ in Benin recently.,
Represented by the Director of the legal unit, Mr Ezra Yakusak, the NEPC boss said this would be achieved through a developed “Zero Oil Plan’’.
He explained that the zero oil plan was a strategy adopted to mobilise both private and public resources to replace oil as the country’s major source of foreign exchange.
He said this had become inevitable in the face of the recent free fall of oil price in the world economy.
He stressed that the era of Nigeria depending on oil as its primary sources of foreign exchange was gone.
According to him, “Our continued reliance on oil would only decrease our economic fortunes. There is therefore no better time to embark on non-oil exports than now.
“The NEPC has taken a proactive step at increasing Nigeria’s foreign exchange earnings through non-oil exports by developing the zero oil plans.
“The zero oil plan is a coherent agenda to mobilise the public and private resources towards replacing oil as our number one source of foreign exchange.
“Under the plan, Nigeria will position itself to gain at least a five per cent share of a total value of world exports in strategic sectors over the next 10 years.
This is to ensure sufficient scale of production and prevent sudden market distortions.
“At the end of 10 years, it is hoped that our non-oil export revenue would increase from 2.7 billion dollars in 2014 to 25 billion dollars in 2025.’’
Earlier in her address, the Zonal Controller of the Benin office of the NEPC, Mrs Etokowoh Moses, said the workshop would offer participants better understanding of international contracts terms.
She also noted that the participants would be exposed to risks management associated with genuine export contracts.
“As you are aware, most international trade transactions fail to yield fruitful results due to the inability of parties to successfully initiate and satisfy the legal requirements of a genuine export contract,’’ she said.
Gov. Adams Oshiomhole of Edo advised the participants on the need to open new frontiers in their businesses.
Represented by his Special Adviser of Small and Medium Enterprise, Mr Daniel Akhilele, Oshiomhole said Nigerians must understand what it entailed to move their businesses beyond their communities.
Our correspondent reported that participants were treated to topics such as “Making an export offer” and legal aspect of export contract by various resource persons.
Niger Delta
Fouchee Celebrates Asari’s Recognition
Niger Delta
Kalabari Media Forum Hails Recognition Of Dokubo Asari As Amayanabo
The Kalabari Media Forum has endorsed the recognition of Alabo, Alhaji Mujaheed Dokubo Asari as the Amayanabo of Torusarama Piri and the historical relevance of the award.
A communique issued after the 2024 end of year summit of the Forum also commends the Executive Governor of Rivers State, Sir Siminialaye Joseph Fubara for the recognition which they described as the best end of year gift to the Kalabari people.
The Communique signed by the Coordinator of the Forum, Alabo Dagogo Clinton and the Secretary, Mr. Harry Awolayeofori Macmorrison states that the gesture should make the Kalabari people to get back to the drawing board and consolidate on existing inter and intra communal peace within the region.
According to the statement, Torusarama Piri was the first place where the founding fathers of Kalabari converged from different cultures, tribes and backgrounds. Adding that those saying that the Kalabari people are not united should think again.
” As the different founding fathers were able to form a formidable ethnic nationality, modern day Kalabari should be able to sink the differences between the constituent communities and with other non-Kalabari speaking neighbours to achieve the needed internal cohesion for development”. It states.
The Forum further congratulated Alabo Asari Dokubo on his recognition and urged him to use the opportunity to do even more for the Kalabari people and Rivers State as a whole.
According to the statement, the Forum is happy with the recognition of Dokubo Asari not because he is one of the patrons of the Forum, but because he is about the most Kalabari-centric figure living, who has also committed enormous resources for the protection of the Kalabari people.
They urged the Kalabari Se Kobiri and the entire people of the ethnic nationality to work with Alabo Dokubo Asari and put to rest speculations about Kalabari that some persons have exploited against the interest of the Kalabari people over the years.
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