TRALAC - Trade Law Centre

Nigeria-American Chamber working with stakeholders to promote AGOA

Saturday, 14 July 2018 Published: | ODINAKA ANUDU

Source: Business Day Nigeria

Joyce Akpata, director-general of the Nigerian-American Chamber of Commerce (NACC), has said the chamber is working closely with relevant stakeholders to promote the African Growth and Opportunity Act (AGOA).

Akpata, who stated this at a two-day Agro-Commodity Export Master Class organised by the chamber in partnership with Multimix Export House recently, said AGOA offers the potential of boosting commodity export from Sub-Saharan Africa to the United States.

She said Nigeria is blessed with commodities for export and entrepreneurs can leverage their abundance to create jobs, increase foreign reserves and foster socio-economic growth and development.

The master class held between June 30 and July 7 in Lagos and it focused on export commodities such as sesame seeds, ginger, cashew nuts and products, shea nuts/butter as well as processed vegetable & food products.

It was designed for produce merchants, infant exporters, existing exporters, commodity brokers, foreign buyers, investors, financiers, government export facilitating and inspection agencies.

A statement by the chamber quoted Obiora Madu, CEO, Multimix Export House, as saying that the International market is ruthless, selective and fiercely competitive.

“Well-constructed corporate alliances help partners pool expertise, enter new markets, share financial risk and get products and services to market faster. In a world of globalisation and rapid change, the best route to business goals often involves a partnership,” Madu was quoted as saying.

 

The master class involved interaction with experienced stakeholders in the agricultural export chain as facilitators were drawn from among value chain practitioners.

Real life case studies, discussions and presentations for knowledge dissemination were used. It looked at critical areas in the export business such as managing international payment risks & documentation, sourcing finance for export trade, commodity sourcing and logistics, and AGOA opportunities, among others.

Related News

Nigerian exporters must benefit from AGOA before 2025—Minister

Nigerian exporters must benefit from AGOA before 2025—Minister

Minister of Industry, Trade and Investment, Mr. Okechukwu Enelamah, has said Nigeria needs to utilise the next seven years to take advantage of the African Growth and Opportunity Act (AGOA). Enalama, who was represented by a Principal Officer of the Ministry, Mr. Stephen Adeyemo, at an advocacy workshop organized by the Nigeria Export Promotion Council, NEPC/AGOA Trade...

29 June, 2018
Nigeria-America Chamber vows to increase Nigeria’s non-oil export through AGOA

Nigeria-America Chamber vows to increase Nigeria’s non-oil export through AGOA

The Nigerian-American Chamber of Commerce (NACC) says it hopes to expand Nigeria’s non-oil export to the United States through the African Growth and Opportunity Act (AGOA). The chamber, which stated this during its 57th annual general meeting held last Thursday in Lagos, said it would fully immerse itself in policy implementation, compliance and growth for...

11 June, 2018
'AGOA still available for Nigeria till 2025' - Nigerian-American Chamber

'AGOA still available for Nigeria till 2025' - Nigerian-American Chamber

The Nigerian-American Chamber of Commerce (NACC) says Nigerian exporters still have an opportunity to explore the benefits of the African Growth and Opportunity Act (AGOA) till 2025. Speaking at the 2nd Edition of the African Food and Products Exhibition and Conference themed, ‘Non-Oil Exports’ Scaling up Productivity to Meet Global Demand’ in Lagos weekend, Olabintan...

28 May, 2018
Nigeria: Push for increased non-oil export to UK, US intensifies

Nigeria: Push for increased non-oil export to UK, US intensifies

To stimulate non-oil export and diversify the economy, the Nigerian-British Chamber of Commerce and the Nigerian-American Chamber of Commerce are leading a campaign to further open up United Kingdom’s and United States’ markets to Nigerian non-oil exports. They are exploring opportunities in increased intra-Commonwealth trade and the African Growth and Opportunity Act...

11 May, 2018
Nigeria-America Chamber of Commerce set to build AGOA export park in Edo State

Nigeria-America Chamber of Commerce set to build AGOA export park in Edo State

The Nigerian American Chamber of Commerce (NACC) has expressed readiness to partner the Edo State Government in the development of an export zone to explore opportunities in the Africa Growth and Opportunity Act (AGOA). This was disclosed by delegation of the Nigerian American Chamber of Commerce led by the chamber’s Vice Chairman, Alhaji Abayomi Adigun, on a courtesy...

19 April, 2018