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Ezra Yakusak

  •  The Imo Government has pledged to increase its support for women entrepreneurs in the state through access to loans The state s Commissioner for Women Affairs and Vulnerable Groups Mrs Nkechinyere Ugwu made the pledge at a sensitisation workshop for businesswomen and their support providers The workshop was organised by the Nigerian Export Promotion Council NEPC hellip
    Imo Government pledges increased support for women entrepreneurs 
     The Imo Government has pledged to increase its support for women entrepreneurs in the state through access to loans The state s Commissioner for Women Affairs and Vulnerable Groups Mrs Nkechinyere Ugwu made the pledge at a sensitisation workshop for businesswomen and their support providers The workshop was organised by the Nigerian Export Promotion Council NEPC hellip
    Imo Government pledges increased support for women entrepreneurs 
    Economy1 week ago

    Imo Government pledges increased support for women entrepreneurs 

    The Imo Government has pledged to increase its support for women entrepreneurs in the state through access to loans.The state’s Commissioner for Women Affairs and Vulnerable Groups, Mrs Nkechinyere Ugwu, made the pledge at a sensitisation workshop for businesswomen and their support providers.The workshop was organised by the Nigerian Export Promotion Council (NEPC) and the International Trade Centre (ITC), in Owerri on Wednesday.

    Ugwu, who commended the women for their resilience in spite of numerous economic challenges, promised to help them access loans for their businesses. She thanked Gov. Hope Uzodimma for providing the enabling environment for women-owned businesses to thrive in the state and pledged continued support for women-friendly initiatives. “Despite the numerous challenges facing businesses in the country and beyond, you, our businesswomen, have remained resilient and we are proud of you. “The state government will continue to support you financially and otherwise so as to improve our economy, improve livelihoods and maintain our place in the comity of states,” she said. In his remarks, NEPC’s Executive Director, Mr Ezra Yakusak, said that 25 Business Support Organisations (BSOs) had already been listed in the NEPC’s directory.Yakusak, represented by NEPC’s Trade Promotion Advisor in Imo, Mr Anthony Ajuruchi, called on women exporters to avail themselves of the financial and other forms of support. “Today, we are providing detailed information on various services offered by BSOs and the process of accessing the services and we’re doing on-the-spot registration with BSOs for those who cannot register on their own. “Many women are not benefitting from the BSOs for lack of information and sensitisation, hence this workshop,” he said.Ajuruchi, in his address, said that the programme, a brainchild of the Women in Export division of NEPC’s Export Development and Incentives Department, was designed to move the business landscape in Imo to the next level.He mentioned some of the BSOs to include women associations, cooperatives, government and Non Governmental Organisations.“One of the aims of the BSO directory project is to close the gap between women entrepreneurs and BSOs who can help them to grow their businesses.“Knowledge is power and we shall continue to seek it for entrepreneurs in Imo to build their capacity”, he said.Also, Vice President of the Imo Exporters League, Mrs Amaka Onwumere, urged women exporters to identify with the League so as to have increased access to vital information and available incentives.The News Agency of Nigeria reports that the event was attended by businesswomen, entrepreneurs and exporters from various parts of the state.VIN

    NewsSourceCredit: NAN

  •   The Nigerian Export Promotion Council NEPC has urged exporters in Imo to take advantage of its export incentive schemes to grow their businesses NEPC Executive Director Dr Ezra Yakusak gave the advice in an address at a sensitisation forum on export incentives organised by the council on Wednesday in Owerri Yakusak said that the event was hellip
    NEPC urges exporters to take advantage of incentive schemes
      The Nigerian Export Promotion Council NEPC has urged exporters in Imo to take advantage of its export incentive schemes to grow their businesses NEPC Executive Director Dr Ezra Yakusak gave the advice in an address at a sensitisation forum on export incentives organised by the council on Wednesday in Owerri Yakusak said that the event was hellip
    NEPC urges exporters to take advantage of incentive schemes
    Economy1 month ago

    NEPC urges exporters to take advantage of incentive schemes

     The Nigerian Export Promotion Council  (NEPC) has urged exporters in Imo to take advantage of its export incentive schemes to grow their businesses.

    NEPC Executive Director, Dr Ezra Yakusak, gave the advice in an address at a sensitisation forum on export incentives organised by the council on Wednesday in Owerri.

    Yakusak said that the event was organised in partial fulfillment of the council’s role of ameliorating the financial burden of exporters.

    He listed NEPC’s available incentive schemes to include the Export Expansion Grant (EEG), the Tax Relief on Interest Income (TRII) and the Export Development Fund (EDF).

    He said that the TRII was recently activated for exporters of manufactured goods and the EDF to provide financial assistance to exporting companies to cover part of their initial expenses with respect to export promotion activities.

    He added that while the EEG and TRII  were post-shipment incentives, the EDF was a pre-shipment incentive which primarily offered support for MSMEs so as to increase their competitiveness and enhance their capacity.

    “The dearth of information among potential beneficiaries of the incentive schemes, evidenced by a number of enquiries about export incentives and some misconceptions, necessitated this sensitisation forum.

    “I enjoin you to make the best use of this opportunity by participating fully in this forum so as to enhance your chances of benefitting from the various incentive schemes available to operators in the non-oil export sector “, he said.

    Speaking, NEPC’s Trade Promotion Advisor in Imo, Mr Anthony Ajuruchi, listed other incentives to include tax holidays, subsidies, reduced duties paid on goods and duty waiver granted on some goods.

    He thanked the NEPC management for organising the forum and urged participants to keep faith with the council.

    “This sensitisation will definitely benefit our micro, small and medium enterprises because knowledge is power.

    “Exporters in Imo need this knowledge sharing in order to take full advantage of the incentives just like their counterparts all over the nation who have been enjoying them”, he said.

    Coordinator of the Imo Exporters Summit, Eze Emma Ekeh, thanked the NEPC for organising the programme and noted that exporters in Imo were ever ready to access available incentives. (

    (NAN)

  •  The Nigerian Shippers Council NSC has reiterated deepened commitment to the promotion of the country s non oil export Mr Emmanuel Jime Executive Secretary NSC said this when Dr Ezra Yakusak Executive Secretary Nigerian Export Promotion Council NEPC led a team to visit him on Tuesday in Abuja Jime expressed the council s readiness to partner with the hellip
    NSC reiterates commitment to non-oil export
     The Nigerian Shippers Council NSC has reiterated deepened commitment to the promotion of the country s non oil export Mr Emmanuel Jime Executive Secretary NSC said this when Dr Ezra Yakusak Executive Secretary Nigerian Export Promotion Council NEPC led a team to visit him on Tuesday in Abuja Jime expressed the council s readiness to partner with the hellip
    NSC reiterates commitment to non-oil export
    General news2 months ago

    NSC reiterates commitment to non-oil export

    The Nigerian Shippers’ Council (NSC) has reiterated deepened commitment to the promotion of the country’s non-oil export.

    Mr Emmanuel Jime, Executive Secretary, NSC, said this when Dr Ezra Yakusak, Executive Secretary, Nigerian Export Promotion Council (NEPC) led a team to visit him on Tuesday in Abuja.

    Jime expressed the council’s readiness to partner with the NEPC to ensure compliance of trade rules by exporters and importers in the country.

    ”I am informed that there is a high level of non compliance to trade rules, now we think that this is actually a problem of both importers and exporters.

    ”So to address this challenge the NSC will like to collaborate with you to organise more enlightenment seminars and you have already called for it, so this is our acceptance of the need to have that partnership.

    ”And in doing this, we intend that there should be seminars so that exporters and importers can imbibe ethics of integrity in international trade.

    ”These are areas I think that partnership will lead us into developing and understanding.

    ”The NSC is fully committed, I want to promise you this, to support all measures towards promoting non-oil export in Nigeria.

    ”And in this regard, we are ready to synergise and collaborate with the Nigerian Export Promotion Council to be able to achieve this,” he said.

    On the Domestic Export Warehouse (DEW), Jime explained that it was the council’s duty in collaboration with critical agencies to develop the standard operating procedures for the warehouse.

    ”We think we also need to provide guiedlines for setting of tarrif for the operation of the export warehouses,” he said.

    Jime advocated the usage of the inland dryport as part of the domestic warehouses.

    He said the council would create a level playing field for ports service providers, users and exporters.

    ”We intend to remain fair in our activities.

    ”We are unbiased and we think it’s our job to ensure that decisions taken in the ports sector are arrived at true consultations with all the stakeholders.”

    Jime granted the request of Yakusak to assign some officers of the NSC to join the NEPC team in a walk aimed at sensitising Nigerians on the need to massively invest in the non-oil sector on May 13.

    Earlier, the NEPC boss commended the NSC’s efforts and collaboration aimed towards repositioning the non-oil sector of the country.

    While also commending shippers council for the role they were playing on the DEW project, Yakusat appealed that a desk officer be assigned as liaison on the DEW matters and project.

    ”I also want to request that an officer be specifically assigned as liaison on the domestic export warehouse matters and project.

    ”This will ensure smooth interface between operators of the project and exporters as well as speedy or smooth take off of the project.

    The News Agency of Nigeria reports that the DEW initiative, when fully implemented, will curb logistic constraints in the non-oil sector.

    (NAN)

  •  The Committee of Youths on Mobilisation and Sensitisation CYMS has reaffirmed its committment to collaborate with the Nigerian Export Promotion Council NEPC to promote zero oil export and encourage entrepreneurship in the country The Director General CYMS Mr Obinna Nwaka said this when he led members of his team on a courtesy visit to the Executive Director hellip
    Youth organisation reaffirms partnership with NEPC
     The Committee of Youths on Mobilisation and Sensitisation CYMS has reaffirmed its committment to collaborate with the Nigerian Export Promotion Council NEPC to promote zero oil export and encourage entrepreneurship in the country The Director General CYMS Mr Obinna Nwaka said this when he led members of his team on a courtesy visit to the Executive Director hellip
    Youth organisation reaffirms partnership with NEPC
    General news2 months ago

    Youth organisation reaffirms partnership with NEPC

    The Committee of Youths on Mobilisation and Sensitisation (CYMS) has reaffirmed its committment to collaborate with the Nigerian Export Promotion Council (NEPC) to promote zero-oil export and encourage entrepreneurship in the country.

    The Director-General, CYMS, Mr Obinna Nwaka, said this when he led members of his team on a courtesy visit to the Executive Director and Chief Executive Officer, NEPC in Abuja.

    The News Agency of Nigeria reports that some members of team include Tonto Dikeh, CYMS’s Director Socials and Empowerment and Malam Shamsudeen Haruna, Director, Planning & Strategy, among others.

    Nwaka said that the aim of the visit is to seek more partnership with the council to identify and mobilise young entrepreneurs as well as create awareness on the need to divert their attention from oil export.

    He said that it was important to project to the world the creativities and productivities of the Nigerian youth to secure patronage for their Made-in-Nigeria products and services.

    He added that the idea was to encourage the economic diversification activities from over-dependence on oil into manufacturing, production and exportation of non-oil products to accelerate economic growth.

    According to him, promoting of such will reduce unemployment and restiveness among the youth.

    “We are here to inform you about our forthcoming national conference, trade-show coming up in July in Houston, US. and the need for partnership with the council.

    “We want the council to be part of our programmes to encourage the Nigerian youths on the importance of Zero-oil export.

    “The awareness of zero-oil export is very important especially in the South-South and South-Eastern part of the country where most of their indigenes involve in illegal oil activities which recently led to the fire hazards that burnt more than 200 persons in Imo.

    “We will like to be part of the creation of policies, implementation of policies, so that youths can be part of your activities”, he said.

    On his part, Dr Ezra Yakusak, Executive Director, NEPC, appreciated the group for the visit and assured him of the council’s readiness to partner with the group.

    Yakusak, represented by Ms Estelle Igwe, Director, National Export Office, NEPC, charged the the group to help to sensitise Nigerian youths and entrepreneurs on the activities of the council.

    (NAN)

  •  Vice President Yemi Osinbajo on Tuesday in Abuja said that the Federal Government had committed N50 billion toward positioning export oriented businesses in Nigeria Osinbajo said this at a two day National Conference on Non oil Export organised by the Nigerian Export Promotion Council NEPC The conference with the theme Export for Survival Optimising Nigeria s Non oil Export hellip
    FG commits N50bn to position export oriented businesses in Nigeria—Osinbajo
     Vice President Yemi Osinbajo on Tuesday in Abuja said that the Federal Government had committed N50 billion toward positioning export oriented businesses in Nigeria Osinbajo said this at a two day National Conference on Non oil Export organised by the Nigerian Export Promotion Council NEPC The conference with the theme Export for Survival Optimising Nigeria s Non oil Export hellip
    FG commits N50bn to position export oriented businesses in Nigeria—Osinbajo
    Economy2 months ago

    FG commits N50bn to position export oriented businesses in Nigeria—Osinbajo

    Vice President Yemi Osinbajo, on Tuesday in Abuja, said that the Federal Government had committed N50 billion toward positioning export oriented businesses in Nigeria

    Osinbajo said this at a two-day National Conference on Non-oil Export organised by the Nigerian Export Promotion Council (NEPC).

    The conference with the theme, “Export for Survival: Optimising Nigeria’s Non-oil Export Potential’’ provided a platform for stakeholders in the non-oil export sector to ventilate viewpoints on current and emerging issues affecting the sector.

    According to Osinbajo, the Federal Government is determined to enhance the competitiveness of our businesses within what is poised to become one of the largest regional single markets in the world.

    “This is why our Export Development Fund, under the NEPC, has committed N50 billion to help position export oriented Nigerian businesses.

    “`This will enable them to play competitively within this growing regional market by providing access to capacity building programmes, as well as business grants,’’ he said.

    While emphasising the need to reinvigorate the non-oil sector, the Vice President said there was the need to increase productivity to support the country’s economic diversification drive.

    He said that the challenges facing Nigeria’s non-oil export economy should be viewed in the trajectory of the last eight years.

    “In 2021, Nigeria’s non-oil revenue stood at N1.15 trillion, representing a growth of 4.73 per cent in the fourth quarter, and a contribution of about 92.51 per cent to the nation ‘s overall Gross Domestic Product (GDP).

    “In 2019, the year preceding the COVID-19 pandemic, non-oil revenue represented 92.68 per cent of our total GDP.

    “The growth following that intervening year indicates the growing resilience of our non-oil export economy and our decreasing susceptibility to shocks in the global oil market.

    “Beyond these numbers are human stories of bold visions and grit, persistent innovation and the unflagging spirit of Nigerians across the country, who are building model companies and businesses,’’ Osinbajo said.

    He, however, urged regulatory bodies to become facilitators of businesses rather than posing as impediments to businesses.

    According to him, our job as government is to assiduously enable businesses with regulatory policies, procedures and processes that are continuously optimised for greater efficiency and easing the flow of business across sectors.

    “This must be coupled, urgently, with the supporting infrastructure needed to aid production, distribution, and export.

    “The core mandate of our Presidential Enabling Business Environment Council (PEBEC) has recently found expression in the National Action Plan (NAP 7.0) on the Ease of Doing Business.

    “It is programmed to consolidate on the removal of regulatory constraints around agro-exports, and drive the electronic filing of taxes and publication of insolvency regulations pursuant to the Companies and Allied Matters Act, 2020.

    “The NAP 7.0 agro-export plan prioritises port and trade facilitation reforms to minimise cross-border trade and transport logistics for Nigerian companies with AfCFTA export compliance.

    “These interventions are complemented by improved automation, including the National Single Window, which is in line with the Trade Facilitation Agreement of the World Trade Organisation.

    “Reduction of cargo clearance time has also been facilitated through the installation of cargo scanners, supported by the Port Community Portal, which has been designed to foster inter-agency collaboration,’’ Osinbajo said.

    Earlier, the Minister of State for Industry, Trade and Investment, Mrs Mariam Katagum said that the ministry was actively implementing the National Quality Policy (NQP) meant to guide Nigeria build a sustainable quality infrastructure.

    According to Katagum, this is in order to make our products competitive in both the domestic and international markets

    The Executive Director of NEPC, Dr Ezra Yakusak, said that the theme of the conference reflected the council’s approach in repositioning the non-oil export sector for increased foreign exchange earnings.

    According to him, it is a deliberate effort to stimulate national consciousness to current realities in the non-oil export ecosystem.

    “It is also a wakeup call for massive investment and a campaign to leverage our vast potential and increased opportunities in the sector.

    “This is a sure way to sustainable economic growth and prosperity.

    “We at the NEPC believe firmly that our survival as a nation depends on non-oil export.

    “We have, therefore, scaled up efforts to mobilise citizens to engage meaningfully in the sector which is the nation’s next line of defence,’’ Yakusak said.

    On his part, the Secretary to the Government of the Federation, Mr Boss Mustapha, said that the impact of COVID-19 and the war in Ukraine served as a reason to make Nigeria become less dependent on oil.

    “This is while leveraging on the abundant natural and agricultural resources for foreign exchange earnings as it will promote employment generation and overall socio-economic development of Nigeria,’’ Mustapha said.

    Mrs Adaku Chidume-Okoro, the Group Managing Director, Gum Arabic Company Nigeria (GACON) appealed to the Federal Government to provide more support for Small and Medium Enterprises (SMEs) to thrive.

    She identified SMEs as the catalyst for the desired non-oil export boom.

    “They should be encouraged by ensuring that their efforts in value addition through processing raw materials be rewarded.

    “For example, while fresh ginger is sold for about 560 dollars per metric tonnes in the international market after value addition by SMEs and home industries, dried split ginger is sold for 2,100 dollars per metric tonnes.

    “The Central Bank needs to urgently redress this anomaly.

    “The group being denied this export incentive is the vulnerable group dominated by women and youths and SMEs in Nigeria,’’ Chidume-Okoro said. (NAN)

    (NAN)