The Federal Government has vowed to work even harder to raise the caliber of goods produced domestically in an effort to increase Nigeria’s export potential and generate foreign money.
 Prioritizing the manufacturing, processing, and packaging of locally made non-oil export items is crucial for Nigeria’s economic growth and sustainable development, according to Dr. Doris Uzoka-Anite, federal ministry of industry, trade and investment.
She made her remarks yesterday in Abuja while responding to inquiries from the media regarding the government’s plans to encourage non-oil exports in order to alleviate the nation’s present foreign cash shortage.
In her words, “trade policies that address issues like inclusivity, the creation of jobs and wealth, and most importantly, policies that would stimulate the growth of Micro, Small, and Medium Enterprises (MSMEs), as critical contributors to the national economy, must be implemented along with workable economic programs.”
“To promote trade and ease industrialization, the Federal Ministry of Industry, Trade, and Investment has over the years worked closely with parastatals under its supervision.”
“Just last year, the ministry, in collaboration with the NEPC and other pertinent Ministries, Departments, and Agencies (MDAs) of government, provided insightful advice to the government on how to stop the rejection of Nigerian goods on the global market under the auspices of the Technical Committee on Export Rejects. As a result, the quantity of goods that are rejected from our export baskets has decreased somewhat.”
“This development will boost international buyers’ confidence in Nigerian products and preserve Nigeria’s reputation as a trustworthy trading partner.”
According to Anite, “it is important to remember that the Domestic Export Warehouse (DEW) Project, which was started by the NEPC in coordination with other MDAs, is a calculated move to reduce supply-side limitations.
“The DEW is a one-stop shop for product storage, labeling, packaging, and pre-shipment inspection. Goods are also fumigated and packaged in preparation for shipping to the ports.”
“My Ministry is especially passionate about this project because it will help exporters with their pre-export operations inside a facility to reduce logistics challenges related to congestion in our various ports.”
The DEW Project, according to her, “exemplifies the innovative spirit of our government in improving our export sector and making Nigerian products more competitive in international markets with its streamlined processes and efficient logistics solutions.”
According to Anite, exporting goods and services is essential to helping Nigeria overcome its current foreign exchange problems, stimulate the economy, encourage entrepreneurship, and generate jobs.
