ITRealms
The Executive Director,
Nigerian Export Promotion Council (NEPC), Mr. Olusegun Awolowo, has said that the
2009 Commonwealth Secretariat collaboration with the organization to export professional
services was meant to create wealth, generate employment and reduce poverty, ITRealms reports.
“The overreaching goal of the
strategy was to contribute to the country’s long- term objective to create
wealth, generate employment and reduce poverty as enshrined in Nigeria’s
National Economic Empowerment Development Strategy.’’ he said.
He said that Nigeria
has substantial potential in non-oil export, especially in the services
sub-sector, adding that the service sector was the second largest contributor
to the country’s Gross Domestic Product (GDP). “Nigeria has huge potential in
export of services, such as in the creative industry (Nollywood and music),
financial services, and Information Communication Technology (ICT) among
others,” he said
Awolowo was speaking in
Abuja, Tuesday, during an interactive meeting on the review of the
implementation of the National Strategy for the export of professional services
in Nigeria ITRealms reports.
According to The Nation’s report, the NEPC boss, said
Nigeria is a leading exporter of banking services in West Africa with a strong
financial services sector. He said, for instance, that 11 Nigerian banks have
established subsidiaries in over 20 sub-Saharan countries; nine out of 11 also
have branches in four continents outside of Africa.
He said one of the major
challenges for companies in the services sector was access to information about
opportunities in and requirements of foreign markets. He said to overcome the
challenges, the council would collaborate with the International Trade Centre
(ITC) under the Trade in Services Programme (TSP), ITRealms gathered.
Cyriacus Nnaji/GEE
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Pix: Mr. Olusegun Awolowo,
