• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Thursday, June 26, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home News

Osinbajo drums support for non-oil exports

The Matters Press by The Matters Press
November 26, 2021
Reading Time: 2 mins read
0
Corruption caused Nigeria’s poor resource management

Vice President Osinbajo

Vice President Osinbajo

Nigeria’s Vice President Yemi Osinbajo has said that focusing on non-oil exports, with the Zero-Oil Plan actively promoted by the Nigerian Export Promotion Council (NEPC), is on the right path to economic diversification.

RELATED POSTS

N1.5trn recapitalisation of Agric bank will herald food security – TMV

Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF

Tinubu’s Visit to Benue, Mark of True Leadership, Renewed Hope

Osinbajo, stated on Thursday during a courtesy visit to the Presidential Villa by a delegation from the NEPC led by its outgoing Executive Director/CEO, Mr Segun Awolowo.

According to the Vice President, “we are set on the right path and I like the fact that we are focused on non-oil exports, and we are facing the challenges and we are facing them head-on.

“In the next few years, those of us who are policymakers and looking at the future, must, today, have a plan. In fact, we have set ourselves on an inevitable course of a zero-oil plan.”

The VP then commended the outgoing NEPC CEO for his foresight, stating that “I really want to commend you for your foresight for putting in place a plan that is very well-structured and detailed.”

“It is very important to note that we are certainly getting away from the oil and gas era. In the past, we used to think that it will still take a while but today, with the circumstances and all of the various factors around the world (less dependence on oil, Climate Change, and COP), it is inevitable.”

“Public investments from the EU, from the multilateral organizations for oil and gas, are fizzling out,” he said.

Speaking on the efforts put in place by the NEPC to ensure that the objectives of government were realized, the VP noted that “the Export Expansion Facility Programme (EEFP) is a natural progression for the Zero-Oil Plan.”

“If you say you have a zero-oil plan, then you must have a way of improving exports in particular because oil is our major foreign exchange earnings. So, if you are going to replace it, then you must have a robust plan, and I think that the EEFP is an incredibly wide door for exports in our country,” the VP added.

Osinbajo however tasked stakeholders in the sector to brace up for the challenges ahead, stating that “the years to come will test our resolve even more because we are going to be challenging ourselves the more.”

Earlier in his remarks, Mr Awolowo gave an overview of the EEFP which he said has been crucial to the economic diversification agenda of government, disclosing significant increase in non-oil revenues at over one trillion naira which is now 15% above target.

Mr Awolowo praised the support the Council enjoyed from the President and the Vice President in the discharge of its mandates and noted that it enabled the “NEPC to significantly re-energize the country’s non-oil exports.”

According to him, “for instance, the Export Development Fund of the NEPC has been activated for the first time under the Buhari administration through the Economic Sustainability Plan.”

He said that through the activities promoted by the Council, Nigeria is on track in growing its non-oil sector, and urged all stakeholders not to relent in their efforts.

Mr Awolowo who is completing his tenure as NEPC’s ED/CEO was accompanied on the visit by the management and some staff of the Council.

Tags: Non-oilOsinbajo
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

ActionAid, SWOFON call for urgent completion of BOA recapitalisation
Agriculture

N1.5trn recapitalisation of Agric bank will herald food security – TMV

June 26, 2025
Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF
Energy

Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF

June 25, 2025
Tinubu’s Visit to Benue, Mark of True Leadership, Renewed Hope
News

Tinubu’s Visit to Benue, Mark of True Leadership, Renewed Hope

June 25, 2025
79 candidates for presidential election
News

Tinubu’s new INEC building: A consolidation of democratic institutions, legacy in Nigeria – TDF

June 23, 2025
Gombe: Troops take over to enforce peace
News

Nigerian Army kills 6,260 terrorists, rescues 5,365 civilians in 2 years

June 20, 2025
ECOWAS, Sahel states in deal to  confront terrorism
Foreign

ECOWAS, Sahel states in deal to confront terrorism

June 20, 2025
Next Post
Nigeria, Senegal, Pakistan sign pharmaceutical trade agreements

Nigeria, Senegal, Pakistan sign pharmaceutical trade agreements

Nigeria gets AfDB’s $14m as member of ATI

AfDB approves new water strategy for 2021-2025

Recommended Stories

Nigeria suspends mining in Zamfara

Minister urges miners form cooperative societies to access up to N100m

November 28, 2022
Nigeria emerges Africa biggest energy sector

Nigerians seek wind energy to tackle power crisis

October 12, 2024
Africa’s remittance inflows hit $72b

Central Bank reports increase in forex inflow

March 8, 2024

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • N1.5trn recapitalisation of Agric bank will herald food security – TMV
  • Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF
  • Tinubu’s Visit to Benue, Mark of True Leadership, Renewed Hope

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us