NEPC eyes $100b from non-oil sector

The Nigerian Export Promotion Council (NEPC) yesterday said it is targeting $100 billion foreign exchange (forex) earnings from the non-oil sector of the economy in 12 years.

Its Executive Director/CEO, Olusegun Awolowo who spoke at an international trade seminar in Lagos, with Exporting for Growth: Opportunities in Non-oil Export as its theme stressed the need to diversify the economy from oil by growing the non-oil export segment from $8 billion in 2019; $25 billion in 2025, and eventually between $70 to $100 billion between the next 12 and 15 years.

Awolowo, however, said as part of strategy to boost the sector, NEPC has implemented rigorous screening criteria to map out the most promising non-oil export sectors for Nigeria which would be reviewed periodically.

Copyright Ships & Ports Ltd. Permission to use quotations from this article is granted subject to appropriate credit given to as the source.