How FG plans to boost export with N50bn ESP funding

Aside from being an intervention to save and create jobs, Adebayo noted that the Programme “will support resilience in shoring up foreign exchange, diversification, modernisation of Nigeria’s economy and acceleration of economic growth and economic support.” Under the Export Expansion Facility, there are 16 programmes as approved in the implementation work plan under seven work streams namely – capacity building, emergency interventions, export aggregation, export inclusion, export trade facilitation, institutional strengthening and market development.

The Executive Director /CEO of the Nigerian Export Promotion Council, NEPC, Segun Awolowo, who is also the inaugural president of the ECOWAS TPOs, said the government is repositioning the nation’s export through the implementation of its N50 billion Export Expansion Facility Programme (EEFP), a part of the Economic Sustainability Plan whose development and implementation is being led by the Vice President.

Executive Director, NEPC, Olusegun Awolowo With the official launch of the Economic Community of West African States (ECOWAS) Trade Promotion Organisations (TPO) Network as part of measures to increase the volume of trade within the region, the Federal Government plans to boost its non-oil exports by leveraging the platform..

Read Full Story