An Evaluation of the Role of Nigerian Export Promotion Council (NEPC) in Export Financing (1990 - 2000)

Abstract

The object of this project is, to evaluate the role of Nigerian Export Promotion Council in Export Financing (1990 - 2000). The research intends to find out the extent the Nigerian Export Promotion Council has achieved the objectives for which it was established between (1990 2000); their implementation and impact; the modalities adopted in assessing goods for export, and the number of export oriented industries financed; the extent to which the economic incentive of Nigerian Export Promotion Council has helped to boast export in Nigeria since 1990 - 2000. Related literatures have been reviewed to find out the opinion of other authors on the topic. Data collected were tested and analysed with the following techniques; Chi-square; F - Distribution; and Coefficient of Variation (CV) to test the hypothesis formulated. The following findings were made: That Nigerian Export Promotion Council (NEPC) has played a significant role in boosting export in Nigeria; that many export oriented industries have benefited from the incentive schemes of the Nigerian Export Promotion Council. Recommendations: Decentralization of the zonal offices of the council; Proper evaluation of industries before granting the incentive; simplification of trade procedure; adequate identification with the Manufacturers Association of Nigeria and Government should enact various economic policies to back the drive towards export promotion. Conclusion: The council has tried to live up to expectation and that her vested efforts have been commendable. The council should be given a legal and administrative status of its own.