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NEPC plans to increase non-oil export earning to $30bn in 5 years

Posted by on Jan 28th, 2016 and filed under Business, News, Top Stories. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

The Nigerian Export Promotion Council (NEPC) has said that it has identified 11 strategic products and 21 countries to market Nigerian goods.
The information is contained in a statement issued by Mr Joe Itah, Head, Public Relations of the council in Abuja on Wednesday.
It said this would help to grow non-oil foreign exchange income from 2.7 billion dollars to 30 billion dollars in five years.
It noted Mr Olusegun Awolowo, the Executive Director of the council said this when he visited Chief Audu Ogbeh, the Minister of Agriculture.
“More recently, we have developed the Zero Oil Plan in response to this administration’s charge that Nigeria must begin to look for new drivers of the economy.
“The plan is Nigeria’s strategic effort to build an economy that does not need oil to survive and can serve as a major flagship economic programme for the country.
“The plan identifies 11 strategic products and 21 countries for Nigerian goods to grow non-oil foreign exchange from 2.7 billion today to 30 billion dollars in five years,” it stated.
The statement said Awolowo had explained that the council as part of its strategies to reposition the non-oil export sector adopted some steps.
The steps, it noted, were the One-State-One Product programme for assisting each state to develop and promote a choice exportable product where it had comparative and competitive edge.
Others are the 13 National Strategic Export Products which are in three categories.
The categories are Agro Industrial – Palm Oil, Cocoa, Cashew, Sugar and Rice.
The mining related products are cement, iron ore and metals, auto parts and cars, aluminum, while oil and gas industrial products, include petroleum products, fertiliser and urea, petrochemical and nepc_logo_new_1methanol.

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