The Nigerian Export Promotion Council has said that Nigerian exporters are losing out on a lot of funds by not exporting under the African Growth and Opportunity Act The Southwest Coordinator, NEPC, Mr. Babatunde Faleke, made this assertion while speaking at a workshop on AGOA documentation organised by the agency recently.
Faleke said that the exporters of non-oil products and commodities had been exporting with duties between 16 and 25 per cent, all of which could be removed if they had exported under the AGOA programme.
He noted that many exporters had not exported on the AGOA platform because they lacked proper information and documentation. He said, “We know that Nigerians have already been exporting to the USA and other countries, but AGOA is an opportunity to save costs, and stress of the export process, so in a nutshell, we are losing money by not using AGOA which is duty-free. Read more