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FG Stifles Non-oil Sector - Exporters From Amby Uneze in Calabar Association of Nigerian Exporters (ANE) governing council has frowned over Federal Government action in stifling the non-oil export sector with policies believed to place the sector under a state of emergency. Rising from its enlarged council meeting in Calabar, last week, the association appraised recent developments in the non-oil export sector and resolved to send a position paper to President Olusegun Obasanjo, the Federal Executive Council (FEC) and the National Assembly on the facts of the matter. The grey areas ANE frowned at are the suspension of the Export Expansion Grant (EEG) by Federal Government, cancellation of the customs command status of the Calabar Free Trade zone, refusal of Federal Inland Revenue Service (FIRS) and other tax authorities to honour tax incentive granted to Export Processing Factories (EPF) by the Nigerian Export Processing Zones Authority (NEPZA), non-promulgation of Free Trade Zones (FTZ) Act to give legal backing to FTZ operations and non-dredging of the river channel of the Calabar Free Port. According to a statement signed by the Director General/ Secretary to Governing Council of ANE, Prince Joseph Idiong, with the present administration for the 40 per cent export expansion grant could be midnight carried out. It stated that the EEG has actually improved the volume of Nigerian exports as evidenced in the Central Bank of Nigeria (CBN) summary of non-oil export shipment from 1999 to 2003, which had also encouraged expansions of manufacturing plants, increased employment and new export-oriented investments. ANE is equally pleased with the approvals of more Free Trade/Border Free Zones, Export Processing Factories and Export Farms (EFs) across the country, stressing that it is healthy as they lay solid foundation for the spread of export-oriented investments and promotion of Recorded Cross Border Trade. The body stated that the Export Processing Factory status granted to certified existing companies operating outside the FTZ has also been an encouraging incentive for the EPF companies to diversify both their production processes and marketing strategies in favour of value added export. Who Are We ? | About THISDAYOnLine.com | THISDAY People | Contact Us © Copyright 2000 Leaders & Company Limited

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