Co-operative society gets N.5m to boost non-oil export

May 21st, 2019

By Felix Khanoba

The Nigerian Export Promotion Council (NEPC) has announced a donation of N500,000 to a cooperative society to boost export activities in the non oil sector of the economy.

The Council announced the donation to the Cooperative Society of ‘Batch 5 Zero to Export programme’ during the graduation ceremony of its 62 trainees in Abuja on Tuesday.

Executive Director of NEPC, Mr. Olusegun Awolowo, said the money is expected to serve as a seed capital to enhance smooth take-off of the Co-operative society in engaging export business.

Represented by Mr. William Ezeagu, Director, Product Development, Awolowo

said NEPC will continue to create opportunities for Nigerians to imbibe the culture of exportation through capacity building training programmes.

He said that the Zero to Export Programme had been part of the Council’s efforts to reposition the non-oil sector, enforcing the narrative of the Council through job creation and inclusive growth, thereby making it a major contributor to the Gross Domestic Product of Nigeria.

“There is no doubt that the essence of our gathering today underscores the crucial role that non-oil export sector plays in the present administration’s effort at diversifying the Nigerian economy away from over reliance on oil as its main stay, especially with incessant fluctuations in oil prices”.

While assuring that NEPC would continue to encourage Nigerians to take advantage of the diversification process of the Federal Government through the promotion of non-oil export activities, Awolowo said the scheme is an effective tool of introducing companies into the export business.

He advised the graduates to take the opportunity of having been trained seriously to strive to sustain the programme by involving in actual export business as it will ensure huge investments in material and resources deplored by the Council are justified.

The AUTHORITY reports that the Zero to Export initiative is one of the flagship programmes of NEPC that focuses on creating new generation of Nigerian exporters through practical and theoretical training of business executives, bankers, civil servants, unemployed graduates and retired citizens with interest in export business.

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