At the Nigerian American Chamber of Commerce’s (NACC) third annual conference for small and medium enterprises (SME) in Abuja, the Trade Hub’s Dr. Mohamed Abou iiana presented on a panel with speakers from Nigeria’s Ministry of Agriculture and the U.S. Commercial Service in Lagos. The panel discussed challenges and opportunities for Nigerian exporters under the African Growth and Opportunity Act (AGOA), which waives import duties on thousands of African-made products, as well as market expectations and requirements of the Food and Drug Administration (FDA) and U.S. Department of Agriculture (USDA).
“AGOA has its successes, especially in textiles, apparel, footwear, and leather products,” Dr. Abou iiana said. “Statistics show that since AGOA’s inception through to 2015, exports from Africa to the U.S. have quadrupled and are expected to grow more.”
Audience members, including food exporters, textile/apparel entrepreneurs, and honey and agriculture producers, asked questions about challenges facing AGOA exports from West Africa and from Nigeria in particular. Quality, standards, market access and information are roadblocks facing Nigerian exporters.