Export promotion council set to help enterprising Nigerian youth Develop foreign market


Share post:

As part of ongoing efforts to move Nigeria away from total dependence on revenue from oil, the Nigeria Export Promotion Council (NEPC) is in the process of implementing a Youth Export Promotion Programme. This was made known yesterday during a stakeholder’s engagement organised by the council in Abuja.

The export-driven programme is a stimulus for the nation’s zero-oil plan. Therefore, the NEPC has identified 22 countries as priority markets for Nigerian non-oil products comprising largely agricultural produce such as cocoa, cotton, shea butter, palm oil, cashew, cocoa, soya beans, rubber, rice, petrochemical, leather, and ginger.

The council promised that the strategic export programme will create about 500, 000 jobs annually, lift 20 million people out of poverty and add around $150 billion to the foreign reserves within the next 10 years.

Representing the Chief Executive of the export promotion council, the Director of Product Development, Mr. William Ezeagu, explained that the youth is central to the export initiative. He said it will help boost their level of productivity and create a brighter future for them.

Oil generates about 90% of government revenue in Nigeria. Consequently, when the price of crude oil crashed in 2015, the nation’s revenue decreased by almost 40%.

The government is presently putting in place initiatives and policies aimed at driving the growth of non-oil sectors such as agriculture, technology and creative. Overall, empowering the youth to take advantage of these growth areas have become a major target.

This is why Ezeagu described the NEPC’s programme as contributing to a brighter future for the youth.

Toyin Afilaka
Toyin Afilaka
Toyin Afilaka writes with simplicity and insight. He aims to enrich the Nigerian small business landscape. Through Hustle24 he connects entrepreneurs with information about new policies, enterprise solutions and opportunities that will aid their 'hustle'. He has written extensively for CobraReview, a product review portal, and served as a lead project manager for MarketingMix where he consulted as PR consultant for MTN Project Fame and Business Next Titan etc.


Please enter your comment!
Please enter your name here
Captcha verification failed!
CAPTCHA user score failed. Please contact us!

Related articles

HBR: Four (4) Approach to Diversifying Your Business – Graham Kenny

Summary: Although conventional wisdom suggests that companies should look for growth opportunities close to their core businesses and...

HBR: How to Become a Super Communicator at Work

by Charles Duhigg Summary.    We’re not born knowing how to communicate effectively. Rather, great communication is a skill that nearly anyone...

Opportunities: Orangle Corner Nigeria dangles 40,000 Euros funding before young entrepreneurs

Applications are now open for the 10th cohort of the Orange Corners Nigeria Incubation Programme. The Orange Corners...

Demography key factor in Nigeria’s real estate sector’s evolution – Bartholomew Egbochie

Despite the challenges in the operating environment, experts are projecting growth in the real estate sector. Mr Bartholomew...