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Nairametrics

Export Council Says Non-Oil Exports Will Shoot Up To N691 Billion

Editor by Editor
December 4, 2015
in Uncategorized
Export Council Says Non-Oil Exports Will Shoot Up To N691 Billion
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Earnings from non-oil exports  from Nigeria will increase by 30 per cent over the next four years. This was an assertion made by the Nigeria Export Promotion Council.

As of December 2014, non-oil export earnings, according to figures obtained from the NEPC, stood at $2.7bn (N531bn), it is belived that a 30 per cent increase will see the figure rise to $3.51bn (N691bn) in the next four years.

The council is also targeting to create fresh 1.5 million jobs in the next five years in the Small and Medium Enterprises sector of the economy.

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This plan was presented to stakeholders in Abuja on Thursday during a forum on the implementation of the programme.

Chief Executive, NEPC, Mr. Segun Awolowo, said the programme was a direct response to the dwindling revenue from oil.

He said that the country had yet to fully exploit the potential of non-oil exports despite the fact that Nigeria was endowed with abundant natural resources.

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