The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), yesterday in Abuja pledged to push Nigeria’s export target further to $35 billion over the next five years.
The Director-General of SMEDAN, Olawale Fasanya, said this at the closing of implementation of packaging and branding programme for Small and Medium Enterprises products on Africa Continental Free Trade Area .
The SMEDAN boss who identified poor product quality and packaging as some of the causes of rejection and underpricing of products, emphasised that innovate packaging of products meant for international markets were necessary. “Others are inadequate policy arrangement between Nigeria and export-destination countries and delays at the Nigerian ports leading to expiration of the product shelf life or depreciation of product value,’’ he said.
“The observatory of Economic Complexity once ranked Nigeria as the 49th largest export economy in the world, having exported goods worth 47.8 billion dollars and imported goods worth 39.5 billion dollars. Some of the participants commended SMEDAN for the opportunity and said that the programme exposed them to increased access to global business information.
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