Nigerian export promotion council - SS1 Commerce Lesson Note

The Nigerian Export Promotion Council (NEPC) is an organization in Nigeria that plays a crucial role in promoting and supporting the country's exports.

Functions of the NEPC:

·         Promotion of Non-Oil Exports: The NEPC's primary function is to promote and facilitate the growth of non-oil exports from Nigeria. They work to increase the international competitiveness of Nigerian goods and services in global markets. This involves creating awareness about export opportunities, providing export information and market intelligence, and organizing trade missions and exhibitions to showcase Nigerian products to potential buyers.

·         Market Development and Research: The NEPC conducts market research and analysis to identify export opportunities for Nigerian products in various countries and sectors. They provide exporters with valuable market intelligence, including information on product requirements, consumer preferences, and market trends. This helps Nigerian exporters make informed decisions and develop effective strategies to enter and expand into new markets.

·         Capacity Building and Training: Another important function of the NEPC is to enhance the export capabilities and skills of Nigerian exporters. They offer training programs, workshops, and seminars on export procedures, documentation, quality standards, packaging, and marketing. By improving the knowledge and skills of exporters, the NEPC helps them meet international standards and requirements, thereby increasing their chances of export success.

·         Export Promotion Incentives: The NEPC works with relevant government agencies to provide export promotion incentives and support schemes for Nigerian exporters. These incentives may include export financing, export credit insurance, grants, and tax incentives. By facilitating access to financing and reducing the financial risks associated with exporting, the NEPC aims to encourage and stimulate export activities in Nigeria.

·         Policy Advocacy and Coordination: The NEPC serves as a voice for Nigerian exporters and advocates for favorable policies and regulations that promote export growth. They provide policy recommendations to the government and engage in dialogue with relevant stakeholders to address issues and challenges faced by exporters. The NEPC also collaborates with other government agencies, industry associations, and trade promotion organizations to coordinate export-related activities and initiatives.