• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Saturday, July 5, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

NBCC To Engage NPA, Others On Bottlenecks In Export Process

by Olushola Bello
3 years ago
in Business
NPA
Share on WhatsAppShare on FacebookShare on XTelegram

The Nigerian-British Chamber of Commerce (NBCC) said, it will further engage with the Nigerian Ports Authority(NPA), Shippers Council and other relevant authorities to seek solutions to end bottlecks in export process,

Advertisement

Also, the chamber emphasised on the need for the country to diversify its economy away from oil towards the direction of non-oil export trade.

At a media briefing in Lagos, chairman, Advocacy Committee, NBCC, Ms. Anne Rinu, stated that, “while we are appreciative of government’s efforts at encouraging non-oil exports, we believe more can be done in the Nigerian export space.”

According to her, the export of commodities such as crude oil is a major factor behind Nigeria’s economic growth, contributing significantly to the growth of export trade in the country. It has also established Nigeria’s comparative advantage under the mineral fuels section.

“The Observatory of Economic Complexity (OEC) ranked Nigeria as the 49th largest export economy in the world, having exported goods/products worth well above $47.8 billion and imported goods worth $39.5 billion.

RELATED

Nigeria’s Internet Subscribers Reach 148m, Highest In 14 Months

Despite 50% Tariff Hike, Internet Usage Hits 1m TB In May

7 hours ago
Equities To Sustain Positive Sentiment Amidst Audited Earnings Expectations

Interim Dividend: Stocks Gain N377bn In 1 Week

7 hours ago

“Nigeria, since the 70s has been a mono-cultural economy relying heavily on oil as its major income earner. The implication is that the dynamics of the economy is at the whims and caprices of the price of oil, which for the most part, has been volatile.

The adverse consequences of over-dependency on oil trade heightened the need and call to diversify Nigerian economy away from oil towards the direction of non-oil export trade.”

She noted that, increase of non-oil trade has great potentials to propel the Nigerian economy to its desired growth and development.

Rinu pointed out that the challenges in exportation range from multiple bureaucratic government regulatory agencies; foreign exchange restrictions; inaccessibility to funding/financial institutions, and port infrastructural irregularities, among others.

She noted that, the Chamber seek for reduction of bureaucratic bottlenecks at the export agencies; digitalisation of export services; sensitisation of the exports community on due export processes; narrowing down the steps it takes for businesses to get information about market standards and policy; and creation of uniform standard African policy to consider the standards set by international bodies for exports procedures and exports processes carried out locally.

Rinu further said that, “we intend to further engage with the Nigerian Ports Authority, Shippers Council and other relevant authorities at the second phase of the NBCC Advocacy Roundtable which will be coming up on August 10, 2022.”

She explained that, “this event will address the issues of over-crowding, frequent delays and loss of cargo at the Port amongst others. We believe that the best policies use data-driven and evidence-based methods. As advocacy being one of the Chamber’s cardinal goals, we will continue to offer advice, inputs and partnership on strategies that can facilitate the realization of economic development and growth.”

 


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

BREAKING NEWS: Nigerians can now earn US Dollars from the comfort of their homes with Ultra-Premium domains, acquire them for as low as $1700 and profit as much as $25,000. Click here to learn how you can earn US Dollars consistently.


Tags: NPA
SendShareTweetShare
Previous Post

AEDC Vows Legal Actions Against EFCC Over Alleged Staff Assault, Invasion

Next Post

BREAKING: Tinubu Wins Big, Declared APC Presidential Candidate

Olushola Bello

Olushola Bello

You May Like

Nigeria’s Internet Subscribers Reach 148m, Highest In 14 Months
Business

Despite 50% Tariff Hike, Internet Usage Hits 1m TB In May

2025/07/05
Equities To Sustain Positive Sentiment Amidst Audited Earnings Expectations
Business

Interim Dividend: Stocks Gain N377bn In 1 Week

2025/07/05
Nigeria Is Top Investment Pick, Says Asia Fund Veteran
Business

Nigeria Is Top Investment Pick, Says Asia Fund Veteran

2025/07/05
Galaxy Backbone, REA Partner To Power Rural Areas
Business

Galaxy Backbone, REA Partner To Power Rural Areas

2025/07/05
Press Release – Response To Allegations Against Segilola Resources Operating Limited By Osun State Gov’t
Business

Segilola Resources Unveils Livelihood Programme For Osun Communities

2025/07/05
Surge In Cost Of Building Materials, Escalating House Rents
Business

Housing Ministry Holds Retreat On Performance Contract Signing

2025/07/05
Leadership Conference advertisement

LATEST

Liverpool Stars Honour Diogo Jota, André Silva At Funeral In Portugal

Chelsea Complete £48.5m Signing Of Gittens From Dortmund

Forget 2027, Presidency Tells Coalition’s ADC

More Than 50% Of Medicines In Circulation Are Fake — Pharmacists

Edo Senator Intervenes In Army-Oghede Community Land Dispute

Oyo SEMA Issues Flood Alert In  3 LGAs, Warns Residents

Federal Gov’t Surmounting Inherited Security challenges — NSA

Burnley Sign Walker From Man City In £5m Deal

BBNaija Season 9 Reunion Ends With Drama, Apologies, Closure

Lagos Street Photo Walks To Spotlight Youth Entertainment, Empowerment

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.