By Bunmi Yekini
At the 3rd National Conference on Non-Oil Export organized by the Nigerian Export Promotion Council (NEPC), Odiri Erewa-Meggison, Chairperson of the Manufacturers Association of Nigeria Export Promotion Group (MANEG), outlined critical strategies to unlock Nigeria’s non-oil export potential. Themed “Promoting Non-Oil Export for Rapid National Economic Growth,” the conference convened industry leaders and policymakers to explore solutions for expanding Nigeria’s global market presence.
Erewa-Meggison highlighted three core challenges, rising production costs, limited market access, and insufficient export incentives and proposed actionable solutions. “To tackle high production costs, manufacturers need greener and more cost-efficient energy solutions,” she stated, citing the Bank of Industry’s ₦75 billion financing initiative offering single-digit interest loans as a significant step forward.
On market access, she stressed the importance of meeting international standards to reduce export rejection rates. “From packaging to product quality, Nigeria’s exports must comply with global requirements. Awareness around specific market regulations, like pesticide restrictions, is crucial,” she said. Erewa-Meggison also called on Nigeria’s diplomatic missions and banking networks to support market entry for local goods.
Addressing export incentives, she emphasized the pivotal role of the Export Expansion Grant (EEG) in maintaining global competitiveness. “The EEG has been instrumental, but delays in disbursements and reliance on promissory notes have weakened its impact. Timely payments and reliable budget allocations are essential,” she explained. She also advocated for a return to export credit certificates to streamline access to grants.
On regional trade, Erewa-Meggison urged ECOWAS leaders to ensure consistent implementation of the Trade Liberalization Scheme, saying, “Enhanced cross-border cooperation is critical to boosting trade within the region.”
She concluded by reaffirming MANEG’s commitment to driving policies that empower Nigerian manufacturers. “Non-oil exports are essential for economic growth. With collaboration, government support, and targeted investments, we can overcome these challenges and position Nigeria as a global player,” she said.
The conference also featured key stakeholders, including the Bank of Industry, NEPC officials, and regional trade representatives.