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Olusegun
Aganga
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The
Federal Government has marked out 13 national strategic export products, meant
to replace petroleum products, the prices of which have continued to tumble at
the international markets, threatening the stability of the Nigerian economy,
Minister of Trade and Investments, Mr Olusegun Aganga, has said.
Vanguard reports he
said that this was part of moves by the Federal Government to revive the
dwindling national economy with emphasis on rapid growth of the non-oil sector
for exports.
Aganga,
during an unscheduled inspection and a meeting with the Executive Director of
Nigerian Exports Promotion Council, NEPC, Mr. Olusegun Awolowo and members of
his management team in Abuja, noted that originally 12 products were
identified, but the number increased because the Executive Director of NEPC
made a very strong case for the inclusion of Cashew in the list.
Unveiling
plans by the Federal Government for diversifying the economy, Aganga listed the
13 national strategic export products, NSEP, in three categories to include:
Agro-industrial — Palm oil, cocoa, cashew, sugar and rice; Mining related —
cement, iron ore/metals, auto parts/cars, aluminium and oil and gas
industrial products — Petroleum products, fertilizer/urea, petrochemical and
methanol.
Responding, Awolowo noted
that NEPC under his leadership had long recognized the need to develop the
non-oil export sub-sector and in the process held series of strategic meetings
with stakeholders for the development of ideas aimed at improving the foreign
exchange earnings by Nigeria through different avenues.
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