Experts examine diversification of Nigeria’s economy at First Bank non-oil export webinar series

First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider, on Tuesday, 30th November 2021 held its non-oil export webinar series.

The event focused on opportunities that will enhance the country’s expansion of its drive towards diversifying the national economy, thereby reducing the reliance of oil as a mainstay of the country’s revenue.

The virtual event was the first in the series and had the theme, “Building Sustainable Non-Oil Export in Nigeria; Harnessing Opportunities within the AfCFTA Treaty & Agro Commodities”.

It had in attendance Mr. Segun Awolowo MD/CEO, Nigerian Export Promotion Council (NEPC); Dr Biodun Adedipe, Founder and Chief Consultant of B. Adedipe Associates Limited (BAA Consult)  amongst others, as guest speakers.

The webinar series aims to facilitate sustainable exports as well as guide participants on ways of navigating the hurdles and challenges of exports in Nigeria. The webinar will explore the market and economic trends, unique export opportunities and potentials within the non-oil export industry across the geopolitical zones in the country.

The importance of exports in Nigeria remains a front-burner conversation by individuals and organisations as it provides a means of increasing the markets for producers, and an opportunity to attract the much-needed foreign exchange earnings to boost the national economy, which is critical to expanding its Gross Domestic Products.

Speaking on the event, the Group Head, Marketing & Corporate Communications, Folake Ani-Mumuney said: “in recent years, the country has witnessed increased activities by the government towards diversifying the economy, thereby boosting the export potentials of the country – beyond the contribution of crude oil – which has been the mainstay of the national economy for many decades.”