Fidelity Bank holds Stream 5 of its Export Management Programmme
by HOPE MOSES-ASHIKE
September 13, 2017 | 12:35 am| | | Start Conversation
The Export Management Programme (EMP) of Fidelity Bank has reached the one-year milestone. The programme which was launched in 2016, is a sector focused capacity building programme run by Fidelity Bank in partnership with the Pan-Atlantic University and the Nigerian Export Promotions Council (NEPC), to deliver impactful, world-class export management education to aspiring and existing players in the Nigerian non-oil exports sector of the Nigerian Economy.
Managing Director and Chief Executive Officer of the Bank, Nnamdi Okonkwo who gave valuable insights into the rationale behind establishing the EMP stated that the financial institution remains highly committed to aiding the diversification of Nigeria’s monolithic economy particularly through import substitution and export promotion.
“We finance a lot of micro, small and medium enterprises (MSMEs) in Nigeria. A number of these MSMEs have strong export potentials. It was therefore a natural fit for us to partner with the Lagos Business School (LBS) and the Nigerian Export Promotions Council (NEPC) to make this happen given in particular, recent developments in the global oil markets and the impact they have had on the Nigerian economy” he said.
Okonkwo also emphasized the need to boost non-oil exports and build sustainable non-oil exports capability given its core relevance to the country’s diversification strategy. “Exporting not only improves foreign exchange (FX) earnings, but countries most successful in exports have stronger links to wealth creation, employment generation and sustainable poverty reduction”
The reputation of the EMP as the go-to, must-attend focused capacity building programme for aspiring and existing exporters in the Nigerian market can be attested to by participants of previous streams of the programme. Fidel Buchi Anyi, an EMP 4 participant said, “This is the direction banking in Nigeria should go-Giving before asking! Strategically helping small businesses before requesting for accounts”. Speaking in the same vein, Etinighovwa Richard, another EMP 4 participant described the programme as “a very rich, enlightening and professional programme delivered by a world-class institution. I learnt the fundamentals of export management with regards to Nigeria and key foreign markets.”
Four streams of the EMP have since been held since 2016 whilst the next stream (EMP 5; is been scheduled for September 25-29. EMP 5 is coinciding with the first anniversary of the initiative and as a result, a number of the key activities already slated for the commemoration of this first anniversary of the programme have been woven around it.
EMP 5 will, in addition to its usual focus areas, also seek to shed significant light on key policies/programmes recently released by government to boost non-oil exports and in particular, how intending exporters can take advantage of them.
Some of these recent policies include the Investors and Exporters FX Window announced by the CBN a few months back which allows exporters to sell their FX proceeds at market rates as opposed to the official CBN rate; the requirement for shippers to ensure that bills of lading in respect of exports from Nigeria carry the Form NXP number of the underlying cargo to ensure that all exports from Nigeria are carried out through the formal channels, etc. The highly regarded faculty of the EMP made up of renowned academics from the LBS faculty, relevant authorities from key governmental bodies that help drive exports, experienced hands-on exporters, etc will be on hand as usual, to do justice to all of the above and many more.
Programme curriculum include product development for export; developing linkages with customers in importing countries; understanding the various export processes, accompanying documentation and other requirements in Nigeria and key importing countries; export products storage; quality assurance, branding and packaging, sourcing and supply chain management, logistics and shipping, export finance, business ethics.
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