Post by Trade facilitator on Sept 5, 2016 22:27:18 GMT 1
This was disclosed by a member of the presidential technical committee on stimulation of non-oil export, Ibrahim Maikanti, in Sokoto at a one-day sensitization workshop organized by the Nigerian Export Promotion Council (NEPC) aimed at sensitizing existing and intending exporters in Sokoto.
Maikanti also discloded that, Cepha will soon be use in Nigeria as an acceptable currency of international transaction just like dollars, pound sterlingand euro.
He said between 2006 to date, Nigeria has been given rigorous incentives to export. But given the fact that present administration want to motivate its exporters, it has now created a takeoff grant of about N550bn as non-oil export stimulation fund. Other ones before are incentives but this one is stimulation”.
Speaking earlier, the advisor, Sokoto export assistance office, Tijani Zakari said the economy challenge currently face is as the result of the country’s over dependence on oil as the major source of revenue generation.
“Now that the government has decided to diversify the economy from its over dependence on oil to non-oil exports, the Nigerian Export Promotion Council (NEPC) is therefore next in line of defense for our economy’.
“Certainly, available records revealed that the global economy has given businesses broader access than ever before to markets all over the world. Goods are sold in more countries, in larger quantities and in greater variety. But as the volume and complexity of the global sales increase, so do the possibilities for facilitating across in Nigeria,” Tijani said.
