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


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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.” ....

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FG inaugurates Steering C'ttee to implement N50bn EEFP


FG inaugurates Steering C’ttee to implement N50bn EEFP
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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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