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May 17, 2022
National News

EEG : FEC Approves N375b For NEPC

The Federal Executive Council, FEC, has approved 375 billion naira for the Export Expansion Grant, EEG, initiative of the Nigerian Export Promotion Council, NEPC.

The Executive Director/CEO, of NEPC, Dr. Ezra Yakuzak made this known in Abuja during the second edition of NEPC Walk tagged Export for Survival.

Dr. Yakuzak said the move was to further assist Nigerian Exporters of non-oil products towards encouraging the production of local goods and services for export.

According to him, some Nigerian exporters of local commodities have over the years benefitted from the EEG through out the Federation.

He stated that NEPC during its last National Conference on Export of Non-oil Products identified some challenges ranging from packaging, finance, ware houses among others which the Council is doing everything possible to address.

Dr. Yakuzak explained that NEPC had recorded some achievements through the Council’s Quarterly Walk For Export.

“Through this quarterly walk, Exporters of non-oil products have been trooping to our offices across the country thereby leading to increase in the registration of Nigerian exporters” He stressed

The Managing Director therefore called for continuous collaboration and support of all stakeholders towards boosting the export of local goods and services in view of the recently approved Africa Free Trade Continental Agreement, AfCFTA, among African countries.

In a remark, the Acting Executive Secretary, Nigeria Investment Promotion Commission, NIPC, Mr Emeka Ofor commended NEPC for the quarterly walk which he noted had created more awareness among Nigerians and stakeholders on the need to promote the production and export of Nigerian products.

Mr Ofor therefore reiterated NIPC’s continued partnership with NEPC towards realizing its objectives on export of non-oil products.

On his part, the Director, Commodity and Export Drpartment, Ministry of Industry, Trade and Investment, Mr Suleiman Sule advised Nigerian exporters to take full opportunity of EEG in boosting their productivity.

Mr Suleiman who identified export of non-oil products as key to national economic development said the Ministry would continue to support NEPC towards increasing activities in the sector.

The NEPC Quarterly Walk which was also attended by other Chief Executive of Government Agencies and the private sector featured a football match and other competitions between NEPC and its stakeholders

MATHEW AYOOLA

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