NEPC and the quest for a more reliable export incentive system, By Kabir Abdulsalam

Building a resilient export economy requires ensuring that future commitments are transparent, adequately funded and consistently honoured… Only then can Nigerian exporters confidently plan production, secure international buyers, obtain certifications, fulfil contracts and trust that government support will arrive when promised… That is the difference between announcing an export incentive and building a truly competitive export economy.

At a recent stakeholder engagement in Abuja, the Executive Director and Chief Executive Officer of the Nigerian Export Promotion Council (NEPC), Mrs Nonye Ayeni, disclosed that the Federal Government was working with the Manufacturers Association of Nigeria Export Group (MANEG) and other stakeholders to clear outstanding EEG claims while developing a sustainable funding model for the scheme.

The Federal Government’s renewed effort to resolve the ₦330 billion Export Expansion Grant (EEG) backlog therefore deserves careful attention.