Turning Nigeria’s Circumstances To Economic Gain: Fidelity Export Management Programme (EMP) Goes To Port Harcourt
The Oasis Reporters
October 12, 2024
Considering the ‘Japa’ syndrome that has hit Nigeria with many of the citizens exiting the country to seek their fortunes outside, Fidelity Bank Plc decided to create a veritable platform to lead understanding in the basics of non-oil exports.
As more Nigerians leave, there are very many Nigerian products that they would need while abroad and in the process, bring other global citizens into appreciating Nigerian products and services.
Nigeria needs to be in the vanguard of reviving exports of not only crude oil. The oil industry has been the highest foreign exchange earner for the country, and the sector has witnessed severe shocks.
Thus most industries have experienced a lack of hard currency for necessary imports of production components.
In order to reset the economy, we need to transit into the orthodox ways of old by producing for exports so as to bring inflows of foreign exchange and energize the economy.
What better way than to teach citizens at home an emerging economy of production and export in an easy way to handle and prosper in it?
Therefore in collaboration with the famous Lagos Business School, the Fidelity Export Management Programme (EMP) is going to Port Harcourt to expose learning participants to the opportunities and benefits presented by AfCFTA as well other policies and programs that are geared towards the promotion of Export in Nigeria from October 21 – October 25, 2024.
Overview
Recent events in the world have resulted in major disruptions especially in supply chains, price stability as well as demand patterns.
Foreign exchange liquidity has been impacted negatively in Nigeria, thereby making the need to diversify the country’s foreign exchange revenue base an imperative.
But if the economy is to be revived, the economy levers in Nigeria like banks need to be enablers through education and awareness creations in the areas of earning incomes to boost foreign exchange earnings and at the same time, pulling people into prosperity.
Exports help improve foreign exchange earnings, create employment opportunities, engender wealth creation and sustainable poverty reduction.
To boost non-oil exports and build sustainable export capabilities for Nigerians businesses, Fidelity Bank PLC and Lagos Business Business School initiated the Export Capacity Building Programme. This 5-day programme is designed to equip participants with the knowledge and skill set required to develop their export business business in line with global standards and take advantage of the AfCTA Treaty as well as other enablers of export trade in Nigeria.
With Greg Abolo
gregabolo@gmail.com