According to Dr. Bamidele Aiyemibo, a consultant and financial expert, the obstacles faced by those involved in export business in Nigeria are multifaceted.

Speaking to Tolulope Ogunjobi of TVC News’ Business Nigeria, Dr Aiyemibo said the survey revealed a number of intriguing findings, particularly in terms of their access to finance.

According to him, the survey also revealed that small and medium-sized enterprises (SMEs) should be promoted as a fundamental tool to increase Nigerian exports.

He added that the findings corroborated the views expressed by the Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, at a recent meeting of the Bankers Committee on the importance of helping small and medium-sized businesses increase capacity and access to financing and other securities. added services.

He stated that banks need to be creative in providing other support services outside of finance, such as business intelligence and market services.

He added that exporters also requested services to address their main problems with the export process, such as port logistics, financing and delays in dealing with government authorities.

He believes that having export terminals outside of existing facilities and recognized port complexes across the country can address this.

On whether Nigerian exporters are ready to compete in the export market, he stated that according to the information he has, Nigerian exporters are not ready.

He cited a 2020 survey of 120 Nigerian business entities engaged in export business, with only 4% of them set to engage in export business.

He went on to say that this is one of the main reasons why the Ecowas trade liberalization project has failed to this day.

He went on to say that even after 30 years, a number of Nigerian companies are unaware that the ETLS does not exist.