BADARU HEADS COMMITTEE TO IMPROVE NIGERIA`S NON OIL EXPORT

BADARU HEADS COMMITTEE TO IMPROVE NIGERIA`S NON OIL EXPORT
President Muhammadu Buhari has approved the appointment of Governor Muhammadu Badaru Abubakar to head the Committee saddled with the responsibility of improving Nigeria’s non-Oil exports.
This according to the Director General of the Nigerian Export Promotion Council (NEPC), Mr Segun Awolowo was on of decisions taken at the latest meeting of the National Economic Council (NEC) chaired by Vice – President Yemi Osinbajo.
He said part of the strategy is to restructure Nigerian economy, and that the Federal Government was targeting at least $30 billion revenue from non-oil sources with an increase of $25billion from the current $5 billion adding that it was to actualize this dream that the Presidency constituted the committee to come up with a concise action plan on how to drive non-oil exports based on the presentations and discussions at the Economic Council’s meeting.
The Director General further stated that the objectives of zero oil plan is to add $150 billion to Nigeria foreign reserves in the next 10 years, create 500,000 jobs, lift 10 million Nigerians out of poverty and integrate each state of the federation into the export value chain pointing out that the focus of the plan was on the export of the following crops: rice, wheat, corn, palm oil, rubber, hides and skin, sugar, soya beans and automotive parts among others, and the destination countries for Nigeria’s exports to include Netherlands, China, Iran, Germany, United Kingdom, France, Spain, Italy, India, Saudi Arabia, among others.
Other members of the committee are the Lagos State Governor Akinwunmi Ambode, Ebonyi State Governor Dave Umahi, Ministers of Industry, Trade & Investment, Agriculture & Rural Development, Power, Works & Housing, Transportation and Finance.
Other members are the (NEPC), NEPZA, NEXIM Bank, and the Central Bank of Nigeria (CBN).
The Committee is expected to submit an initial report by November.

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