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Youth

Boosting Foreign Exchange through Export Drive in Anambra State

Strategic Insights

— 1 min read

The Institute of Export Operations and Management (IEOM) has launched a training program in Anambra State, South-East Nigeria, aimed at empowering youths in export business. The program, sponsored by Innocent Akuvue, an illustrious son of the town, has trained no fewer than 40 youths from Nibo community in Awka South Local Government Area. The training focuses on driving diaspora export from Nigeria and aims to create job opportunities for the unemployed youths.

Key Takeaways:

  • The training program, organized by IEOM and sponsored by Innocent Akuvue, has trained 40 youths from Nibo community in Awka South Local Government Area of Anambra State.
  • The program aims to empower the youths to form a cooperative society and begin export business in a professional manner, sourcing, packaging, and certifying their products correctly.
  • The participants will learn how to export local agricultural products such as Cassava derivatives, maize, palm oil, and spices, which are in high demand abroad.
  • The training aims to expose Nibo to the world, remove unemployed youths from the streets, and boost foreign exchange earnings for Nigeria.
  • The Institute of Exports and Operations Management (IEOM), Nigeria Export Promotion Council (NEPC), and GGI Ltd. are partnering to implement the program and provide certification and documentation support.
  • The training has emphasized the importance of food safety and certification requirements for exporting Nigerian products to Europe and other parts of the world.
  • The participants have promised not to betray the confidence reposed in them and to maximize the opportunities given to them.

Statistics:

  • 40 youths have been trained in the export business through the program.
  • The program aims to create job opportunities for the unemployed youths in Anambra State.
  • Nigeria has the potential to earn significant foreign exchange through export of agricultural products such as Cassava, maize, palm oil, and spices.
  • Only 20% of Nigerian universities offer export studies as a course, which affects the country's ability to export products.
  • The program aims to increase foreign exchange earnings for Nigeria by exporting local agricultural products.

Sources:

  • The Sun News
  • The Nation Newspaper
  • The Guardian Newspaper

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