FG initiates N5bn export development fund scheme for budding entrepreneurs

March 25, 2021
3 Views

https://onlinenigeria.com/wp-content/uploads/2021/03/fg-initiates-n5bn-export-development-fund-scheme-for-budding-entrepreneurs-1.jpg

The Federal Government has initiated a N5 billion export development fund to support entrepreneurs and promote the export of locally made goods.

Mr Tijjani Waziri, Regional Coordinator, Nigeria Export Promotion Council (NEPC), North West zone, stated this at a one-day sensitisation on the “Export Development Fund’’ , on Thursday, in Kano.

Waziri said the fund was designed to enhance access to finance by potential exporters, to enable them boost their businesses for export and improve the national economy.

“The sum of N5 billion has been provided for the NEPC by the Federal Government to implement the scheme.

“It is a pre-shipment export incentive granted to exporters geared toward boosting their morale to achieve the desired goals.

“The fund supports initial expenses that exporters incur such as participation in trade fairs, training and symposiums in export market research and exhibitions,’’ Waziri said.

According to him, although the export development fund scheme was for the duration of one year, there was no limit to the number of exporters that could key into the programme.

The News Agency of Nigeria (NAN) reports that entrepreneurs and exporters drawn from the seven states of the North West zone attended the training.

Some of them including, Asma’u Bega and Bello Isa-Hashim, lauded the initiative, saying that it would go a long way in encouraging productivity and promotion of exports in the country.

Bega, however, called for the adoption of measures to ensure that only genuine exporters benefitted from the scheme.

image

You may be interested

Pastor Adeboye visits Fayemi, says prayers will help end banditry
News
News

Pastor Adeboye visits Fayemi, says prayers will help end banditry

Webby - April 18, 2021

The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye has reiterated his belief in the power…

Judiciary workers strike: NBA directs members to ‘Visit’ State governors
News
News

Judiciary workers strike: NBA directs members to ‘Visit’ State governors

Webby - April 18, 2021

NBA president, Olumide Apata. Photo: [email protected] AkpataThe Nigerian Bar Association (NBA) has directed its branch chairmen nationwide to lead “visits”…

Adeboye visits Fayemi, condemns bandits’ attacks on traditional rulers
News
News

Adeboye visits Fayemi, condemns bandits’ attacks on traditional rulers

Webby - April 18, 2021

The General Overseer of the Redeemed Christian Church of God (RCCG), Pastor Enoch Adejare Adeboye has condemned the recent attacks…

Leave a Comment

Your email address will not be published.