In an effort to promote non-oil export trade at the international market and reduce over dependence on oil, Nigeria Export Promotion Council said it had issued about 205 certificates to exporters on solid minerals valu-chain in Nasarawa and Benue states, under its areas of coverage.
The Trade Advisor/Head, NEPC Makurdi Export Assistance Office, Mr Anani Egon, revealed this during a one- day stakeholders’ forum for the development of solid minerals for export in Lafia, the Nasarawa State capital on Wednesday.
Over 90 per cent of the Liquefied Petroleum Gas, also known as cooking gas, produced in the country is being exported, a subsidiary of the Nigerian National Petroleum Corporation, NNPC Retail Limited, has said.
The Managing Director, NNPC Retail, Sir Billy Okoye, who said this on Tuesday, added that a chunk of the cooking gas consumed in the country was being imported.
The Nigeria Agricultural Quarantine Service said that Nigeria would resume the export of hibiscus flower, popularly known as Zobo, to Mexico.
Dr Vincent Isegbe, the Coordinating Director, NAQS, disclosed this in an interview with the News Agency of Nigeria on Tuesday in Abuja, Nigeria.
He said that in 2017, Nigeria exported 1,983 containers of hibiscus to Mexico alone and earned $35 million within nine months of that year.
The Nigeria Export Promotion Council (NEPC) has identified poor packaging and labeling as the major challenges facing Nigerian products exported overseas, especially products to the United States.
The Director, Business Development at the Nigeria Investment Promotion Council [NIPC], Mr. William Eze in his keynote speech at the 2019 Packaging, Plastics, Food processing, labelling and print exhibition in West Africa organised by Propak West Africa in Lagos recently said some made -in -Nigeria products are faced with poor packaging which results in rejection.
In line with Federal Government efforts aimed at diversifying the economy as well as boosting its foreign exchange earning capacity, a member of the Nigerian Association of Small and Medium Enterprises (NASME) has urged the country to take advantage of the international demand for locally manufactured black soap, which she says is currently on the increase.
The Chief Executive Officer of CYWE Ventures, Nwakamma Okeke, who gave this advice in a chat with The Nation at the weekend, disclosed that the fortunes of the black soap sector has become so bright that she has grown her business from N1000 to over N20 million capacity within a decade.
The Ministry of Science and Technology said the European Union (EU) and German Society for International Cooperation (GIZ) through the Nigeria Competitiveness Project (NICOP) are willing to partner in the implementation of Nigeria’s leather products policy.
The draft strategic Implementation plan for leather and leather products policy which is waiting for implementation, the ministry said will diversify the economy.
Minister of Science and Technology, Dr. Ogbonnaya Onu said it has been projected that the leather industry stands between 40 to 50 million skins annually, generating between $600 million to $800 million annually.
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Over the past five years, agriculture has contributed an average of 30 per cent to the Gross Domestic Product (GDP). One of the commodities boosting foreign earning is Hibiscus, also known as zobo. Hibiscus, a flower used in teas and cuisines around the world, is expected to lead the market for floral flavours through 2027, according to a new forecast published by Future Market Insights (FMI).
Mexico is Nigeria’s biggest export market.
In 2017, Nigeria earned $35 million exporting 1,983 containers of Hibiscus to Mexico, being the hub of Southern and Latin America, within nine months of that year, according to the Coordinating Director, Nigerian Agricultural Quarantine Service, Dr Vincent Isegbe.