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Earnings from non-oil export can tackle forex crisis-OPEXA

Executive Secretary of the Organised Private Sector Exporters Association (OPEXA), Jaiyeola Olarewaju has said sustainability of Export Expansion Grant (EEG) is one crucial way to…

Executive Secretary of the Organised Private Sector Exporters Association (OPEXA), Jaiyeola Olarewaju has said sustainability of Export Expansion Grant (EEG) is one crucial way to tackle foreign exchange crisis in Nigeria. 
He noted that exporters have in the last two years, been sitting on a backlog of over N100bn worth of unutilized export certificates issued under the seal of the Ministry of Finance, urging government to honour its financial commitments in regard to extant law.
He explained that while diversification is being advocated as the need of the hour to generate employment by boosting production in the non-oil sector, government should clear the backlog of unutilised NDCCs and exports made in 2014 and 2015 under the extant policy to sustain about 11 million Nigerians employed directly and indirectly in the non-oil export sector.

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