He said the official launch of the campaign was an official endorsement of the initiative to stimulate the consciousness of all Nigerians to the realities that diversification of the productive base of the economy was key to employment generation, wealth creation and poverty reduction in the country.
“The Export4Survival campaign should therefore be embraced by Stakeholders, the Business Community, Micro, Small and Medium Enterprises , Trade Associations, the Organized Private Sector etc, as a brand that that will be a game changer in the socio-economic space of our national development.” Nigeria is predominantly an import-dependent economy, with crude oil making up 60-70 per cent of the government revenue and around 80-90 per cent of foreign exchange earnings.
The country earned over $40bn from crude oil but about $10bn in non-crude in 2021. The NEPC said it was planning to change the situation to reduce pressure on the country’s foreign reserves. The NEPC Chief Executive Officer, Ezra Yakusak, said the NEPC’s vision was to make the world a market place for Nigerian non-oil products to rejuvenate the country’s fragile economy.All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.
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