FG approves N375b export grant

The federal government has approved disbursement of N375 billion as Export Expansion Grant (EEG) for Nigerian exporters.

Chief Executive Officer, Nigeria Export Promotion Council (NEPC), Dr. Ezra Yakusak said this during the ‘Export for Survival Walk’ in Abuja.

He explained that the grant is aimed at boosting the capacity of exporters in the country

According to him, the approved N375 billion EEG would boost non-oil  export in the country.

He added that the grant is for all exporters that had applied in the past, the fund will clear the backlog from 2016 to date.

According to him, NEPC has started to reap from sensitisation programmes targeted at improving the country’s export.

“There has been an increase in the number of people who come to register as an exporter with the council, in fact, there is an influx of people coming to register, so we are getting the desired results from our sensitization programmes,” Yakusak said.

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