Effort to streamline the activities of informal traders along the border markets may soon yield result, as the Nigerian Export Promotion Council, NEPC and Katsina State Government have agreed to formalize trade along Jibia – Marade border market.
This was made known in Abuja by the Executive Director/CEO of NEPC, Dr. Ezra Yakusak when he received in his office, the Deputy Governor of Katsina State, Alhaji Mannir Yakubu.
Dr. Yakusak noted that the visit by the Governor was germane given the expected role of the state in streamlining informal trade as well as the recent effort by the council to formalize trade through the establishment of Domestic Export Warehouses, DEW, and Export Trade Houses, ETH, in designated centers across the country.
He pointed out that DEW and ETH would help in streamlining the activities of informal traders, generate reliable trade data, create employment and wealth, generate more foreign exchange, enhance trade facilitation by reducing the cost and time of doing business thereby ensuring seamless trade along the border post.
Responding, the Deputy Governor, Alhaji Mannir Yakubu said as part of the state government’s commitment to the project, the government has already allocated a site for the take-off of the project.
He commended NEPC for facilitating trade through several export intervention programmes such as the Export Expansion Facility Programme, EEFP, which is targeted at mitigating the impact of COVID-19 on exporters.