Non-oil export struggles as outstanding EEG payment exceeds N1.2trn

Nigeria’s non-oil export sector has not earned enough foreign exchange that can support the economy as exporters have an outstanding Export Expansion Grant (EEG) totalling over N1.2 trillion. The EEG is an incentive meant to cushion the effect of high production cost for exporters. It was paid through the Negotiable Duty Credit Certificates (NDCCs) but…

Please visit to access this member content.

Source link