Fidelity Bank Grows Nigerian export sector with its EMP 12 Initiative
Kayode Tokede
Business owners that participated in the 12th edition of the Fidelity Bank’s Export Management Programme (EMP 12) have commended the financial institution for giving hands-on coaching on the chances in the intercontinental market and how to create their ability to participate in significant in the export house.
The EMP, released in 2016 and hosted in partnership with the Lagos Enterprise Faculty and the Nigerian Export Promotion Council (NEPC), is built to equip business people with requisite awareness for driving the country’s non-oil exports.
Commenting on the on the remaining day of the weeklong training, Divisional Head, Export and Agriculture, Fidelity Financial institution Plc, Isaiah Ndukwe reported, “Most people today believe that non-oil exports is just about earning in dollars. I think it’s past that. A important upside to an export-oriented organization or economy is that it tends to make you tremendous competitive in excess of time eg advancements in procedures, product or service design and packaging, quality and charge optimizations. That is why over and above the clear, which is dollar earnings, we are massive on assisting companies construct export organization management capacities.”
One particular of the participants at the programme and CEO, Sochi June Constrained, exporters of cashew, sesame seed and chilli pepper, Mrs. Ifeyinma Hart counseled Fidelity Lender for not only subsidizing her attendance at the teaching but empowering her with know-how to her raise her business footprint in the global market.
Another entrepreneur, Ruth Chukwukezirim, who is a certified freight forwarder stated she has benefited a great deal from the EMP by Fidelity Financial institution, preserving that the programme has exposed her to comprehensive data with regards to the export field.
She stated that, “The programme has uncovered me to common practises and in-depth know-how into some restrictions guiding exports of goods in the intercontinental sector. I also identified the dialogue on the repatriation procedure anchored by Fidelity Bank incredibly intriguing as I have just identified out that as an exporter, I am expected to repatriate Forex earnings by way of the identical bank back again to the region that facilitated the export and if I am interested in importing any item, the Forex has to to start with be recognized as an influx into the lender account I used in initiating the export in the 1st spot.”
