When the federal government inaugurated the steering committee to implement its N50bn Export Expansion Facility Programme (EEFP) under its Economic
While the Capacity Building/Development focuses on the Development Fund and Export Market Access Programme; the Emergency Intervention is to support existing exporters in responding to shocks caused by COVID-19.
In all, the Export Expansion Facility Programme is expected to significantly raise the volume of non-oil exports in Nigeria, and it’s a spin-off of the Zero Oil Plan developed by Mr. Awolowo and approved by the President. Significantly also, the group that will benefit more from the EEFP and the Export Development Fund are the Micro, Small and Medium Enterprises , which has been described as the engine room of the economy.It has been said that the Export Development Fund would serve to complement the other areas that were not covered by the MSME Survival Fund, for export-oriented companies.
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