Latest Apparel Export Data for 2003 Confirms Lesotho’s Top Spot
Nigerian exporters have been implored to concentrate on processed products in order to gain easier access to the American market under the African Growth Opportunity Act (AGOA).
President Olusegun Obasanjo made the appeal during an audience with an American delegation led by Congressman William Jefferson at the State House. He urged the United States Congress to make AGOA work for Nigeria.
Congressman William Jefferson had earlier commended President Obasanjo's efforts in Liberia, Sierra Leone and on the New Partnership for Africa's Development (NEPAD).
He also stressed his delegation's commitment to making AGOA work for Nigeria, adding that the United States Congress was currently working on extending AGOA beyond 2008.
The president has also challenged Motorcycle Manufacturers Association of Nigeria (MOMAN) to work as a team towards achieving higher production volume and increasing local content.
Speaking while receiving a MOMAN delegation led by its chairman, Mr Gabriel Aghunor, also at the State House yesterday, President Obasanjo said that many entrepreneurs are capable of taking up the challenge of local production of spares and components such as tyres, spokes, pedals and frames.
This can only be possible through the increase in volume of bicycles produced.
He congratulated MOMAN for the high level of production reported and wide market coverage, however stated that there is room for improvement.
The president added that he had set up a committee to be headed by the Minister of Industries in pursuit of increased local production and higher local content.
Terms of reference of the committee include recommending ways and efforts to be made to reduce the importation of used motorcycles.
He had also requested President Obasanjo to ban the importation of second-hand motorcycles.
Latest AGOA Trade Data on AGOA.info
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