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Page 23 - நைஜீரியன் ஏற்றுமதி ப்ரமோஶந் சபை News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Cooperative societies can boost nation s economy through non-oil export, says Awolowo

Share Nigerian Export Promotion Council (NEPC) has sensitised cooperative societies and other groups in Kwara State to embrace non-oil export promotion to boost the Nigerian economy. Executive Director of NEPC, Mr Olusegun Awolowo, in a keynote address at a stakeholders’ forum on “Developing the Nigeria Agricultural Value Chain for Export through Effective Cooperative Society Formation and Management” in Ilorin, Kwara State, said that dependence on oil to boost the economy was no longer viable. Awolowo, represented by the Regional Coordinator, North-Central, Mr. Samson Oluwole Monehin, said that cooperative society is a veritable tool in propagating and increasing export trade. “An endeavour which may be difficult to achieve by an individual is easily dispensed by a group of individuals in the spirit of cooperative society. Cooperative society, therefore, plays an increasingly important role worldwide in poverty reduction, facilitating job creation, access to credit, econ

AfCFTA: What Nigerian businesses must do to export to African countries

Export expansion facility to execute 16 programmes under five workstreams ― Awolowo

Share The Secretary of the just inaugurated Steering Committee on the implementation of the N50 billion Export Expansion Facility Programmes (EEFP), Mr. Segun Awolowo has disclosed that the EEFP is to execute 16 programmes under it’s workstreams. Awolowo who commended the Federal Government’s effort in ensuring economic recovery and sustainability observed that the devastating effects of the COVID-19 pandemic on exporting businesses might be further exacerbated with the official takeoff of the African Continental Free Trade Area (AfCFTA). Speaking at the weekend in Abuja, Executive Director of Nigerian Export Promotion Council (NEPC) explained that the “EEFP will execute 16 programmes as approved in the implementation work plan under five workstreams namely – capacity building, financing, market development, infrastructure and institutional strengthening.”

FG inaugurates Steering C ttee to implement N50bn EEFP

FG inaugurates Steering C’ttee to implement N50bn EEFP On By Gabriel Olawale Minister of Industry, Trade and Investment, Otunba Niyi Adebayo, yesterday, inaugurated an 11-man Steering Committee for the implementation of the Export Expansion Facility Programme, EEFP, under the National Economic Sustainability Plan. The EEFP aims to protect export businesses from the effects of Coronavirus, COVID-19, pandemic, safeguard jobs and de-risk the economy from shocks like pandemic. Its primary goal is to increase Nigeria’s export capacity in the near term and its export volumes in the medium term. The Federal Government will spend an estimated N2.3 trillion to fund the National Economic Sustainability Plan, but the N50 billion Export Expansion Facility programme would focus on driving economic growth through exports.

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