- The Federal Government of Nigeria plans to boost its non-oil exports by leveraging the recently launched Economic Community of West African States (ECOWAS) Trade Promotion Organisations (TPO) Network.
- The government is repositioning the nation’s export through the implementation of its N50 billion Export Expansion Facility Programme (EEFP).
The Federal Government of Nigeria plans to boost its non-oil exports by leveraging the recently launched Economic Community of West African States (ECOWAS) Trade Promotion Organisations (TPO) Network. The government is repositioning the nation’s export through the implementation of its N50 billion Export Expansion Facility Programme (EEFP).
The Executive Director /CEO of the Nigerian Export Promotion Council, NEPC, egun Awolowo, who is also the inaugural president of the ECOWAS TPOs, said that EEFP will provide financial support for the average Nigerian exporter. It will also oversee the establishment of warehouses in the country close to airports where Nigerian goods meant for export would be packaged to global standards. The Export Expansion Facility Programme, The EEFP, in accordance with the government’s Economic Sustainability Plan (ESP), is also focused on softening the effects of the COVID-19 pandemic on non-oil export businesses. Earlier in March this year, the first online Grant Management Portal (GMP) for non-oil exports was also launched.
Speaking at the launch of the TPO Network, Vice President Yemi Osinbajo underlined the need to expand intra-regional trade in the ECOWAS sub-region, with the opportunities presented by the African Continental Free Trade Area (AfCFTA) agreement. It is hope that the Network will facilitate the ease of trade for MSMEs within the ECOWAS region and Africa in general.
