Export: Emefiele to Meet Multinational Coys CEOs

The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has
disclosed plans to meet the Chief Executives of multinational companies in Nigeria, to
discuss the revamp of Nigerian exports.

Mr. Emefiele dropped the hint on Tuesday, August 25, 2020, during the meeting of the
Bankers’ Committee, noting that the CBN was ready to encourage the revamp of
Nigeria’s export sector through deliberate policies that would boost investment and job
creation.

While decrying the situation where many Nigerian produce of export quality were
waiting to be tapped, Emefiele said the CBN, in collaboration with the Federal Ministry
of Industry, Trade and Investment, would ensure the facilitation of a reboot of the
Nigerian export market.

Alluding to President Muhammadu Buhari’s charge for Nigerians to produce what they
eat and eat what they produce, the CBN Governor reiterated that the country had no
choice but to diversify its economic base away from heavy reliance on crude oil.

The meeting is expected to come up with a roadmap on how best to revitalize the
export sector in order to earn foreign exchange for the country, as well as generate
jobs for millions of Nigerians.

It would be recalled that the Emefiele had earlier initiated a campaign tagged ‘Produce,
Add Value and Export’ (PAVE), especially for the agricultural produce.