NEPC seeks alternative revenue sources

The Nigeria Export Promotion Council (NEPC) is set to reduce overdependence on global oil market.

Its Executive Director/CEO, Segun Awolowo, said the falling price of oil has reduced government revenue, leading to pronounced negative effect on the economy.

Awolowo, represented by his Technical Advisor, Maureen Ideozu, during a facility tour of some companies in Lagos, said the Council was determined to promote products outside the shores of Nigeria.

“The Ministry of Industry, Trade and Investment in a bid to ensure total diversification has articulated the industrialisation roadmap of the nation in the Nigeria Industrial Revolution Plan (NIRP).

“At a time like this when the country is facing the challenges of dwindling foreign exchange earnings, and depleting foreign reserves, there is need for concerted effort to develop our numerous commodities with a view to diversify our economy.

“Export is one of our strategic efforts to enhance our communication with stakeholders and the general public,” Awolowo said.

One of the beneficiaries of NEPC,  Morin Obaweya, Creative Director, You.Leather.Artistry, said NEPC has been of immense help to her company, as she strives hard to meet international products. The council assist her in promoting her products in foreign countries through exhibition and trips were made in Nigerian products are needed.

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