The success of Rwanda in the tourism sector | Independent Newspapers Limited
Newsletter subscribe

Business, Tourism

The success of Rwanda in the tourism sector

Posted: May 21, 2015 at 9:39 pm   /   by   /   comments (0)

By Sylvester Enoghase  –  Lagos


The Executive Director/CEO of Nigerian Export Promotion Council, Mr. Olusegun Awolowo, has stated that the non-oil export sector of Nigerian economy has the potentials to revive the country’s economy if adequately explored.

He said that the Council is current advocating the development of One-State-One-Product (OSOP), an initiative geared at establishing one non-oil export product per state as well as the Federal Capital Territory (FCT).

Awolowo, who stated this in an interview with Daily Independent, said that the non-oil export sector has a commanding contribution to the country’s Gross Domestic Product (GDP).

He said that though Nigeria is presently the World’s largest producer of seven agricultural export commodities, the position does not reflect in the global trade stage, implying that the country is deprived of requisite World market share from these products.

According to the CEO, Nigeria has the potential to be among the first top ten net exporters of agricultural commodities given its abundant human and natural resources – spread across the length and breadth of this country.

He said, “The Council in its avowed effort to make the non-oil export sector a commanding contributor to the country’s Gross Domestic Product (GDP) would deploy its capacity, expertise and reach to promote the diversification of the economy, in line with Government’s economic agenda.”

The CEO explained that the current situation did not meet the Council unprepared, as key strategies have been mapped out for diversifying the economy.

He pointed out that OSOP takes into cognisance the existing products where States have comparative and competitive advantage in terms of production and commercialization, as the focus for development and promotion for exports.

On the recent 2-Day Integrated workshop on Techniques of Non-oil Export Project Formulation and Implementation for State Committees on Export Promotion (SCEP), in Kaduna, he said SCEPs are a creation from the NEPC enabling Act which made provision for the establishment of the Committees in 36 States of the Federation and Abuja – with the primary aim of assisting in the promotion of non-oil exports at the grassroots.

Commenting on the slight decrease in Nigeria’s non-oil export earnings between the 2013 and 2014 figure (about 9% decrease), he said that the decrease came as a result of challenges from inadequate infrastructure, crisis in World oil prices, insurgency and few other known unfavourable economic indices.

He noted that it has become imperative to have a strong synergy and commitment between the Public, Private Sector, and other relevant stakeholders for the non-oil export sector to achieve and attain its desirable heights.