NEC Targets Higher Foreign Earnings Through SMEs

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The National Economic Council (NEC) committee on Export Promotion has revealed that through improving Small and Medium Scale Enterprises (SMEs) in agriculture, it intends to achieve the Zero Oil Plan (ZOP) of the federal government which is aimed at achieving self-sufficiency and growing non-oil exports from $5billion to $30billion by 2025.

Speaking at the inauguration of the committee in Abuja, the chairman of the committee, Gov. Badaru Abubakar said the committee will explore various enterprises in agriculture in different states and provide a viable means of exporting them to other countries.

“We have a project already in Jigawa State that will probably start in the next one month that is the Sesame Seeds export which is in collaboration with Walcott Group of Companies” he said.

Abubakar added that exports of agricultural products to Japan, turkey, China, there are all in high demands all over the world and Nigeria through SMEs will have the comparative advantage of producing such crops and exporting them to boost export earnings.

The Executive Director of the Nigerian Export Promotion Council (NEPC), Olusegun Awolowo said the country’s non-oil exports will be driven by advocacy and involving relevant stakeholders and manufacturers across the federation in producing products that can boost the country’s economy.