Fed The Federal Government, through the Zero Oil Plan, has set a long-term goal of earning about $100 billion from about 22 major non-oil products over the next 10 years. This represents 20 per cent of Nigeria’s Gross Domestic Product (GDP)''..
The Federal Government, through the Zero Oil Plan, has set a long-term goal of earning about $100 billion from about 22 major non-oil products over the next 10 years. This represents 20 per cent of Nigeria’s Gross Domestic Product .The Nation
These include cotton, rice, leather, gold, soya, sugar, cocoa, petrochemicals, fertilizer, palm oil, rubber, cement, tomato, banana, oranges, cashew, cassava, sesame, spices, ginger, shea butter and cowpea. According to him, the plan will also lift at least 20 million Nigerians out of poverty. “Our targets are ambitious, but we must be ambitious if we are to achieve effective diversification.
“There has also been significant growth in exports in the cashew, fertiliser, and leather sectors. The Central Bank of Nigeria has approved the commencement of the Export Facilitation Initiative for five key non-oil products: cashew, cocoa, palm oil, sesame and shea. This will help producers access affordable loans, further boosting our non-oil exports,” Awolowo said.
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