Govt Must Address Insecurity For Commodity Export Industry To Thrive

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Ibidapo Lawal is the MD/CEO of Neveah Limited, a commodity export firm. In this interview, he shares some of the challenges bedevilling the commodity export

I think the major thing is to address the insecurity concerns in the country because if you think about it, even when the farmers go to the farms, they are getting attacked and things like that. If there is high level of insecurity, nobody is going to invest in farming.

I think the Lagos Business School also has a programmr in partnership with Fidelity Bank on exports. You pay a certain small amount to take the course at the Pan African Business School in Lagos. So, people can actually pay for this class, learn how it works and know some financing arrangements and get started.

Today in this country, I strongly think the Nigerian government has done a lot to actually promote exports. And I’ll give you some examples. Just think about it, like there is a 200 rebate by the CBN. That rebate allows you as an exporter to earn anywhere from N35 to N65. Now they’ve added another category, we can earn from N15 to N65 for everything you export.

 

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