NEPC Targets $100billion Forex Earning From Non-oil Sector

The Nigerian Export Promotion Council, NEPC, on Wednesday, March 16, said it is targeting $100 billion foreign exchange, forex earnings from the non-oil sector of the economy in 12 years.

NEPC Executive Director/CEO, Olusegun Awolowo who spoke at international trade seminar organized by Zenith Bank in Lagos, with Exporting for Growth: Opportunities in Non-oil Export as its theme stressed the need to diversify the economy from oil by growing the non-oil export segment from $8 billion in 2019; $25 billion in 2025, and eventually between $70 to $100 billion between the next 12 and 15 years.

He, however, said as part of strategy to boost the sector, NEPC has implemented rigorous screening criteria to map out the most promising non-oil export sectors for Nigeria which would be reviewed periodically.

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