Wednesday, December 12, 2018

Non-Oil Export Drops To 3.4%, 2018 Banker’s Retreat Theme Timely

The recently released foreign trade data of the third quarter of 2018 by the National Bureau of Statistics showed that the there is a further decline in the non-oil export volume from 4.6% in Q2 to 3.4% in Q3 and this has made the renewed focus of Banker Committee on the growth of non-oil export to be timely. 

The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele has tasked the Managing Director of all Nigerian Banks on the need to grow the non-oil export proceeds to match and even surpass that of the foreign direct investment and foreign portfolio investment flowing into the Nigerian economy. He said this at the weekend during the 10th Annual Banker's Committee Retreat with the theme Export-Led Transformation Of the Economy - Engine For Sustainable Inclusive Growth. 

The programme had in attendance all Managing Directors of Merchant Banks, Developmental Banks and Commercial Banks in Nigerian including the management team of the CBN. The CBN Governor promised to do all within its power to stop all trade practices that are sabotaging the Nigerian economy and encourage all businesses that have the potential to create jobs and grow the volume of proceeds received from non-oil export done in the country. 

The current reduction in the price of crude oil in the international market coupled with the continuous reduction in the contributions of non-oil export to the total export volume from Nigeria attest to the fact that the focus of this year Banker’s Committee retreat is very timely. If the bankers present at the retreat will go back to their various banks to start implementing the lessons learnt, then we should expects to see an increase in the non-oil export volume from Nigeria in the incoming year. 

This renewed drive and commitment on the part of the CBN and Bank MDs to grow non-oil export volume in Nigeria has therefore made it necessary for Bankers that wants to be relevant in the new year and subsequent years to grow their skills and competence in Export Trade Finance and Export Business Management.

We will like to therefore present to bankers, from the American Institute of Extended Studies, the Executive Diploma in Export Trade Finance and Export Business Management. These are necessary certification and trade programmes that will help them strengthen their relevance and grow their careers as a marketer, risk managers and trade desk officers/managers in the Banking sector. 

The admission for the new batch is currently on going and the Lectures will start late January 2019. To be part of this programme please chat or call 08091244449 or send a mail to to get the registration form and prospectus.

Bamidele Ayemibo

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