For developing countries such as Nigeria to accelerate economic growth, there needs to be greater private sector participation in their export sectors.
This was made known by Isaiah Ndukwe, Divisional Head, Export, and Agriculture, Fidelity Bank PLC, at the just concluded 11th edition of the Fidelity Bank Export Management Programme (EMP 11).
Held at the Lagos Business School, from October 4 to 8, 2021, the programme, covered a wide range of topics including export documentation and application of export development processes, and was facilitated by leading faculty from Lagos Business School, staff of the Nigerian Export Promotion Council (NEPC) and experts in financial management and exports.
“Year-in, year-out, Fidelity Bank has demonstrated its resolve to help diversify the Nigerian economy and increase export earnings. One of the ways we are doing this is through the Export Management Programme which provides participants with the knowledge needed to navigate both the international non-oil export market and the larger export market,” explained Nneka Onyeali-Ikpe, Managing Director, Fidelity Bank PLC when tasked on the rationale behind the program.
The importance of exports has continually been emphasized by various bodies as it provides a means of increasing the markets for producers and especially in Nigeria’s case, an opportunity to attract much-needed foreign exchange earnings.
In fact, Akinwunmi Adesina, President of the African Development Bank (AfDB), speaking recently at the Mid-term Ministerial Performance Review Meeting on the topic: ‘Nigeria’s Economic Resurgence: The African Experience’ expressed worry over disincentives to non-oil exports in the Nigerian economy.
He, therefore, urged Nigerian fiscal authorities to remove bottlenecks in non-oil exports in order to promote economic resurgence.
One of the participants of the EMP 11, Kelechi Chukwukezirim, Chief Executive Officer of Dot Global Resources Nigeria Ltd said, “I am thankful to Fidelity Bank and Lagos Business School for this insightful and highly educative program. I came here with just an awareness of export management.
However, my experience in the past five days has taken me from point zero to over 40% of quality knowledge on export management. I have been enthused by the network and platform this program created that I could leverage going forward. I am excited at what the future holds in this regard”.
According to Onyeali-Ikpe, “Previous editions of the EMP have recorded outstanding successes and made marked impacts in the lives and businesses of the participants. We are proud to say that the just-concluded eleventh edition is no exception.
The feedback we have gotten from facilitators and participants alike have been nothing short of encouraging. The turnout was tremendous, and we are certain that we will witness astonishing results as the participants put what they learnt into practice.”