The Executive Director of the
Nigerian Export Promotion Council, Dr.
Ezra Yakusak, has made it clear that the Federal Government has distributed
N50bn Export Development Fund to
Micro, Small and Medium Enterprises and stakeholders within the export value
chain to boost non-oil exports.
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Dr. Yakusak made this known at a
programme in Ado-Ekiti, the Ekiti State capital, where he was represented by
NEPC Deputy Director, Policy and Strategy, Akintunde
Folorunso.
He said that the Federal
Government, through the Export Expansion
Facility Programme, was supporting and facilitating SME exporters’ access
to the export market.
He said, “The
EEFP is a Federal Government Economic Sustainability Plan to stimulate non-oil
export, safeguard jobs and protect businesses from the adverse effect of
COVID-19 pandemic which is also in line with the objectives of National
Committee on Export Promotion in the implementation of zero oil plan.”
According to Dr. Yakusak, it was
the NEPC desire to nurture our exporters through several capacity building
programmes and competency development to provide them with technical
information on the AfCFTA as a prerequisite to preparing them for the export
market.
Folorunso, who was also a
resource person at the workshop, listed beneficiaries of the N50bn facility to
include MSMEs that are just going into the export business but are registered;
performing exporters; and operators of domestic export warehouses, among
others.
He said the Federal Government
was producing logistic services, and providing vessels that will be moving
across the African coasts to deliver goods from one African country to the
other.
This, he said, was in a bid to
solve the difficulty in trade among African countries owing to lack of vessels
that could move goods across West African and African coasts.
The Ekiti State Commissioner for
Investment, Trade and Industries, Muyiwa
Olumilua, who hailed NEPC for the workshop, said it would expose the MSME
operators to the underlying principles, objectives, benefits and the market
access criteria of ECOWAS Trade Liberalisation Scheme and AfCFTA agreement.
Olumilua said the Dr Kayode
Fayemi administration in the state had numerous incentives capable of
protecting the investment of entrepreneurs and guaranteeing good returns on
their investments in the state.
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