The ED/CEO addressed stakeholders at the engagement session for the formation of DEW (Domestic Export Warehouse).
The stakeholders included the Central Bank of Nigeria, NEPZA, NEXIM, NIRSAL, NAFDAC, CUSTOMS, Federal Ministry of Industry, Trade and Investment, Shippers Council, NPF, Federal Road Safety and NIPC
Domestic Export Warehouse (DEW) is a proposed one-stop facility/ terminal for storage of products, packaging and labeling, pre-shipment inspection and fumigation of export designated goods in preparation for ultimate transportation to the Ports.
Nigeria has been unable to convert its enormous comparative advantage in the production of several agricultural primary produce to competitive advantage in the global market as a result of supply chain constraints. This led NEPC to propose the setting up of DEW to mitigate export related supply chains.
Once operational, DEW will:
- increase the global market share for Nigerian exportable agricultural products,
- generate and help in the diversification of the economy,
- attract investors to the non-oil sectors
- and provide a platform for interface between export-related agencies and export practitioners.