NEPC advises non-oil exporters to take advantage of banking interventions

The Nigerian Export Promotion Council (NEPC) has urged exporters to take advantage of banking interventions for the non-oil export sector.

Ezra Yakusak, Executive Director of NEPC, said this during a one-day workshop organized by the council in collaboration with Zenith Bank on Thursday in Owerri, the IMO State Capital city.

Yakusak was represented at the event by Anthony Ajuruchi, NEPC Trade Promotion Advisor.

He said banking interventions were critical to the survival of businesses hit by falling exchange rates and currency (FX) scarcity.

“Nigeria is diversifying because we can no longer continue to rely on oil to drive our economy given the current global market realities,” Yakusak said.

“We are grateful to Zenith Bank for its continued commitment to the survival of export business in Nigeria through numerous interventions, and we call on exporters to take advantage of these interventions.”

Speaking on the theme “Improving Non-Oil Exports through Banking Intervention”, Charles Anyacho, Zone Manager of Zenith Bank in Imo, expressed the firm’s willingness to provide support for export business.

He called on exporters to take advantage of the bank’s “Zero to Hero” program, designed to train future exporters, and the federal government’s flagship borrower program.

Anyacho said the federal government’s run for 200 billion naira of foreign exchange (RT 200 FX) was an indication of its commitment to non-oil exports.

Also speaking at the event, Emmanuel Eke, an exporter, called for realistic and sincere support from stakeholders, especially banks, for export business.

He encouraged exporters in the state to remain resilient in their quest to grow their businesses and be able to compete with their counterparts in the global export market.