N5b to Boost Tannery, Plastic Export Coming – Awolowo

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  • N5b to Boost Tannery, Plastic Export Coming

The Executive Director and Chief Executive Officer, Nigeria Export Promotion Council (NEPC), Chief Olusegun Awolowo, yesterday in Kano said the Council has requested about N5 billion from the Federal Government as pre-shipment incentives for exporters in the country this year.

Awolowo who was in Kano, Kano State capital, for a fact-finding tour of some tannery and plastic industries in the ancient commercial city, said: “For three years running, the Federal Government suspended the Export Expansion Grant (EEG), which has now been replaced with Export Development Fund (EDF) in order to boost the sector.”

He said EDF has been well positioned to boost the economy and encourage exporters of finished leather works, plastics and other tannery materials to grow their business and also diversify the economy.

Awolowo said: “The essence of my coming to Kano is, of course, to visit the factories and see what more we can do to support them.

“These are companies that employed thousands of Nigerians and they are providing employment for more people.”

“It is not just about the export of goods, it is really about what they provide to grow the economy and the livelihood of Kano and Nigeria in general.

About the Author

Samed Olukoya
Samed Olukoya is the CEO/Founder of investorsking.com, a digital business media, with over 10 years' experience as a foreign exchange research analyst and trader. A graduate of University of East London, U.K. and a vivid financial markets analyst.

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