CBN, Bankers’ Committee Hold Non-Oil Exports Summit

The Central Bank of Nigeria (CBN), in collaboration with the Bankers’ Committee, will hold the maiden summit on Non-Oil Exports under the Race to US$200 billion in Foreign Exchange (FX) Repatriation (RT200) programme launched in February this year.

The summit, which holds in Lagos, on Thursday, with the theme: “Setting the Roadmap towards Achieving RT200 and Non-Oil Export for Development,” will focus on the present situation in the economy, the commitment to addressing the challenges as well as driving the development and improvement of the non-oil export sector.

In a statement issued by the Director, Corporate Communications Department CBN, Osita Nwanisobi, he said that the one-day summit specifically seeks to identify challenges across the non-oil export value chain from the perspectives of all stakeholder groups as well as provide understanding of the current situation and the implications to Nigerian citizens and the economy as a basis for urgent action.

The CBN spokesman listed other objectives of the summit to include understanding trends and lessons from other countries including regional and global market outlook; share best practices across the agriculture exporting value chain and guidance on how to obtain financial assistance and to identify opportunities for improving the performance and viability of non-oil exports. Ultimately.

He added that the apex bank and its partners, through the summit, seek to launch the development of a comprehensive Non-Oil Export Optimisation framework.

The summit, which is expected to extract voluntary commitments, and initiatives to support the non-oil Export Renewal Plan, will feature a keynote address by the CBN Governor, Godwin Emefiele, as well as expert presentations and panel discussions to address the country’s current non-oil export sector situation and proffer recommendations.

Participants at the summit will cut across stakeholders in the non-oil sector including but not limited to the mineral resources, manufacturing and agricultural export sectors including primary agriculture players; aggregators, storage, logistics and freight transport operators; exporters; road transport agencies; security agencies and government ministries at Federal and State levels.

By Tribune Online
https://tribuneonlineng.com/cbn-bankers-committee-hold-non-oil-exports-summit/