The Nigerian Export Promotion Council (NEPC) says it has rolled out a N5billion international trade palliative for exporters and intending exporters in the country.
The Assistant Director, Export Development and Incentives Department of the council, Mr Peter Njoku disclosed this on Wednesday in Enugu during a workshop organised for exporters in the South East region.
Njoku said that the palliative known as Export Development Fund (EDF), had been dormant for over 30 years but was recently reactivated by the Federal Government.
He called on Small and Medium Enterprises (SMEs) operators from the South East to take advantage of the opportunity to participate in international trade.
He express concern that exporters from the region do not show willingness in assessing government intervention funds aimed at boosting trade.
According to him, only a handful of exporters from the region applied and benefitted from a recent Export Development Grant of the Federal Government.
“The reactivated EDF is part of the export development facilities of the Federal Government aimed at increasing export in Nigeria.
“From the records, it is obvious that people from the South East do not usually come out to be part of this type of thing,” he said.
Njoku appealed to entrepreneurs from the region to always identify with such government intervention schemes in order to benefit from the largesse.
“Almost every intending exporter is qualified to access the fund. The requirements are not stringent to potential exporters,” he said.
Njoku said that once an applicant met the requirements, such person would get the disbursement.
Earlier, the Regional Coordinator, NEPC, Mr Arnold Jackson, said that the Federal Government had rolled out many incentives to encourage non-oil export.
Jackson said that the move was in support of the diversification mantra of the government which had been in the front burner.
“For us in NEPC, it is important that we sensitise the people on the potentials of these programmes,” Jackson said.
Ikengaonline reports that the theme of the workshop is ‘Export Development Fund Reactivation and Implementation for the South East Region’.
