The impact of export incentives on Nigeria’s export performance: A case study of the Nigerian Export Promotion Council (2000–2020).
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Background of the Study :
Export incentives are policy tools designed to enhance the competitiveness of a country’s export sector by offering financial and non-financial benefits to exporters. In Nigeria, the Nigerian Export Promotion Council (NEPC) has spearheaded initiatives such as tax rebates, duty drawbacks, and export credit guarantees to stimulate export growth. Since 2000, these incentives have been pivotal in encouraging the diversification of exports and boosting non-oil revenues (Okafor, 2023). The rationale behind these measures is to reduce production costs, improve market access, and enhance the overall efficiency of export operations. However, the effectiveness of these incentives in driving sustainable export performance remains a topic of debate. This study examines the impact of export incentives on Nigeria’s export performance by analyzing export data, policy documents, and feedback from industry stakeholders. The research aims to determine whether the incentives have achieved their intended outcomes and to identify any gaps in policy implementation that may hinder export growth (Adeniyi, 2024; Chukwuma, 2025).
Statement of the Problem
Despite the implementation of various export incentives, Nigeria’s export performance has not reached its full potential. Challenges such as bureaucratic bottlenecks, inadequate infrastructure, and inconsistent policy enforcement have diluted the effectiveness of these incentives. The gap between policy objectives and actual export outcomes suggests the need for a critical evaluation of current measures. This study seeks to identify the shortcomings in export incentive programs and to assess their overall impact on Nigeria’s export sector (Okafor, 2023).
Objectives of the Study:
To evaluate the impact of export incentives on export performance.
To identify challenges in the implementation of export incentives.
To propose policy recommendations to enhance export growth.
Research Questions:
How do export incentives affect export performance in Nigeria?
What challenges limit the effectiveness of these incentives?
How can policy implementation be improved?
Research Hypotheses:
H1: Export incentives positively influence export performance.
H2: Implementation challenges significantly reduce incentive effectiveness.
H3: Policy refinements can enhance export outcomes.
Significance of the Study
This study is significant as it assesses the impact of export incentives on Nigeria’s export performance, providing insights that can help policymakers and the NEPC refine incentive programs. Improved export strategies will contribute to economic diversification and growth (Chukwuma, 2025).
Scope and Limitations of the Study:
Limited to the topic only.
Definitions of Terms:
– Export Incentives: Benefits provided to exporters to enhance competitiveness.
– Export Performance: The effectiveness of a country’s export sector in generating revenue.
– NEPC: The Nigerian Export Promotion Council responsible for export promotion.
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