Glamtush
No Result
View All Result
  • Home
  • News
  • Beauty
  • Business & Brands
  • Entertainment
  • Fashion
  • Features
  • Lifestyle
  • Politics
  • Sports
  • Telenovelas
  • Events
  • Home
  • News
  • Beauty
  • Business & Brands
  • Entertainment
  • Fashion
  • Features
  • Lifestyle
  • Politics
  • Sports
  • Telenovelas
  • Events
No Result
View All Result
Glamtush
No Result
View All Result
Home Business & Brands

Zenith Bank GMD, Onyeagwu Canvasses Expansion Of Non-Oil Exports

byeditor
August 27, 2020
in Business & Brands
Reading Time: 2 mins read
Non-Oil Exports
Share on FacebookShare on TwitterShare on PinterestShare on WhatsappShare on LinkedinShare on Telegram

Zenith Bank GMD, Onyeagwu Canvasses Expansion Of Non-Oil Exports

 

READ ALSO

FirstBank Marks Significant Milestone: ₦1 Trillion In Instant Digital Loan Disbursements

The Alternative Bank Drives Community-Led Effort To Tackle Plastic Pollution In Lagos

 

The Group Managing Director/Chief Executive of Zenith Bank, Mr. Ebenezer Onyeagwu has called for a concerted effort towards diversifying the country’s export base through the promotion of non-oil exports. He made the call during a Webinar themed “Prospects of Non-Oil Export During and Post COVID-19” organized by the bank on Wednesday, August 26.

According to him, the onset of the COVID-19 pandemic which has impacted the demand for oil and, by extension, the price of crude oil in the international commodities market has further exposed Nigeria’s over-dependency on crude oil earnings and its susceptibility to oil-related shocks. He added that the events of the last couple of months have also highlighted the limited range of the country’s value-added products exported to foreign markets.

He noted further that boosting non-oil export is imperative in view of the opportunities that exist in the broader contexts of ECOWAS Trade Liberalisation Scheme and the African Continental Free Trade Area (AfCFTA) which seeks to create a continent-wide market of 1.2 billion people with combined Gross Domestic Product (GDP) of $2.5 trillion and about $4 trillion in consumer and business spending.

Whilst commending the efforts of the government and the Central Bank of Nigeria (CBN) to deepen the non-oil export business in the country, Onyeagwu urged players in the non-oil export value-chain including exporters and financial institutions to play their part in the drive towards expanding the nation’s non-oil export base.

Delivering the keynote address, the Director of Trade & Exchange, Central Bank of Nigeria (CBN), Dr. (Mrs) Ozoemena Nnaji, who commended Zenith Bank for organizing the webinar at a time like this, observed that the impact of the COVID-19 pandemic is a wake-up call for the country, as it has once again exposed the over-dependence of the Nigerian economy on one product. She therefore called for a deeper policy look at the non-oil sector to find ways of genuinely improving the quality and quantity of our non-oil export goods.

Also speaking at the Webinar, the Chief Executive/Executive Director of the Nigerian Export Promotion Council (NEPC), Mr. Olusegun Awolowo commended the efforts of Zenith bank in promoting non-oil export business in Nigeria, describing the bank as ‘the Export Trade Bank of Nigeria’. Speaking on the topic “Repositioning Non-oil export as a Leading Revenue Earner: Government Plans and Programmes”, Awolowo noted that the crash in oil prices following the COVID-19 pandemic and OPEC’s price war with Russia reinforced what everyone already knows – the mono-product economy of the country is not sustainable, calling for a buy-in into the Zero oil policy of NEPC.

Zenith Bank remains committed to the promotion of the non-oil export sector in Nigeria by identifying emerging opportunities which help in stimulating non-oil exports and developing robust financial products and incentives for operators in the sector. The bank launched the Non-Oil Export Seminar in 2017 as an initiative to deepen the discourse on promoting non-oil export business in Nigeria.

 

Related Posts

Digital Loan Disbursements
Business & Brands

FirstBank Marks Significant Milestone: ₦1 Trillion In Instant Digital Loan Disbursements

July 18, 2025
The Alternative Bank
Business & Brands

The Alternative Bank Drives Community-Led Effort To Tackle Plastic Pollution In Lagos

July 18, 2025
Quality Education
Business & Brands

Fidelity Bank Promotes Quality Education In Nasarawa

July 17, 2025
UNGC
Business & Brands

FirstBank Partners UNGC To Drive Sustainable Finance And Unlock Capital For Development

July 16, 2025
Access Holdings
Business & Brands

Access Holdings Reaffirms Strategic Growth Plan From Expansion To Optimisation

July 16, 2025
Polaris Bank
Business & Brands

Polaris Bank Commits To Continuous Investment In Journalism Excellence

July 15, 2025
Next Post
Awolowo Prize For Leadership Award

Adesina Re-Elected As AfDB President

LATEST COVER

Priscilla Ojo

GPBN Associates Member

Fidelity Bank

Zenith Bank

WAFCON 2024

WAFCON 2024: Nigeria Thrash Zambia 5-0 To Book Semi-Final Spot

July 18, 2025
Digital Loan Disbursements

FirstBank Marks Significant Milestone: ₦1 Trillion In Instant Digital Loan Disbursements

July 18, 2025
The Alternative Bank

The Alternative Bank Drives Community-Led Effort To Tackle Plastic Pollution In Lagos

July 18, 2025
LOPE Chairman

LOPE Chairman Justice Mmadubugwu Weds Longtime Partner Ifunanya In Civil Ceremony

July 18, 2025
Quality Education

Fidelity Bank Promotes Quality Education In Nasarawa

July 17, 2025
President Muhammadu Buhari

Aare Adetola Emmanuelking Mourns Former President Muhammadu Buhari

July 17, 2025
Megastar Media Communications

Megastar Media Communications Donates Ultra-Modern Solar-Powered Toilet Facility To Abuja School

July 17, 2025
UNGC

FirstBank Partners UNGC To Drive Sustainable Finance And Unlock Capital For Development

July 16, 2025
Buhari

Why I Couldn’t Attend Buhari’s Funeral – Peter Obi

July 16, 2025
Access Holdings

Access Holdings Reaffirms Strategic Growth Plan From Expansion To Optimisation

July 16, 2025

GLAMTUSH

 

Glamtush publishes the latest trends in fashion, beauty, and lifestyle, as well as those making the fashion world interesting and adorable.

RELEVANT PAGES

  • About Us
  • Advertise
  • Contact Us

REACH OUT

Do you have any news for us? Event Coverage, Press Releases or Adverts? Then reach out to us via glamtush@gmail.com or glamtush15@gmail.com

OFFICE ADDRESS

Lagos, Nigeria

Copyright © 2022 Glamtush

  • About Us
  • Advertise
  • Contact Us
  • Disclaimer
  • Glamtush – Nigeria News, Nigerian Newspapers, Naija News
  • Glamtush – Nigeria News, Nigerian Newspapers, Naija News
  • Terms And Conditions
  • Write for Us

© 2022 Glamtush

No Result
View All Result
  • Home
  • News
  • Beauty
  • Business & Brands
  • Entertainment
  • Fashion
  • Features
  • Lifestyle
  • Politics
  • Sports
  • Telenovelas
  • Events

© 2022 Glamtush