As part of efforts to fully diversify the nation’s economy, the Federal Government said it is committed to taking bold steps to increase its non-oil revenues to as much as $200 billion in the next five years to meet its foreign exchange demands.
Already, the government realised at least $2.5 billion in the first half of 2022 from the sector, a feat it said needed to be expanded through other efforts. Yakusak said: “Although it is unfortunate that some exports from Nigeria have been rejected at some point or the other, the government is working hard to block loopholes on reported cases of high levels of pesticides associated with our products as well as issues of value addition and poor packaging.”
“We envisage that the export week will provide a path for business and sector-led activities to thrive as well as help entrepreneurs, particularly the small and medium enterprises look out for new opportunities in the sector,” he said, adding that it is vital for these businesses to have the support and information they need to become successful.