HomeNEWSFG plans to boost export with N50bn ESP funding

FG plans to boost export with N50bn ESP funding

Nigeria has announced its plan to boost its non-oil exports with N50billion as part of its Economic Sustainability  Plan(ESP).

The  plan followed  Friday’s  official launch of the Economic Community of West African States (ECOWAS) Trade Promotion Organizations (TPO) Network  Friday towards increasing the volume of trade within the region.

The  Executive Director /CEO of the Nigerian Export Promotion Council(NEPC) Segun Awolowo was to head the ECOWAS Trade Promotion Organizations in Nigeria

The report has it that  NEPC was repositioning the nation’s export through the implementation of its N50 billion Export Expansion Facility Programme (EEFP), which was part of the ESP whose development and implementation is being led by Vice President Yemi Osinbajo.

According to the report, the Export Expansion Facility Programme is expected to significantly raise the volume of non-oil exports in Nigeria, a spin-off of the Zero Oil Plan developed by Awolowo and approved by President Muhammadu Buhari.

The  plan would also establish top-notch warehouses in the country close to airports where Nigerian goods meant for export would be packaged to global competitive standards ahead of their exportation.

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