Segun Awolowo
The Minister of the Federal Capital Territory (FCT), Mallam Musa Bello has assured the Chief Executive Officer of the Nigerian Export Promotion Council (NEPC), Mr Segun Awolowo of his support towards the realization of zero oil campaign, all export promotion businesses and the hosting of the forthcoming technical meeting of the national committee.
Speaking in Abuja on Thursday, Bello commended the in-depth knowledge of the NEPC boss on issues of export and urged him to use the FCT as an implementation centre for all the committees.
According to the NEPC Media Consultant, Jonathan Eze, Awolowo briefed the FCT Minister that the committee on export promotion was established by the National Economic Council to implement the Zero oil campaign, a document envisioned in the Economic Recovery and Growth Plan as part of the economic diversification agenda of the Federal Government.
He reiterated the expediency of diversifying the sources of the country’s foreign reserve to insulate the economy from incessant economic shocks arising from the volatility of crude oil prices and other global geo-political and socio-political dynamics which is premised on the potential of every state including the FCT in realizing an export-led economic revolution to earn foreign exchange and generate employment for teeming youth and the womenfolk.
The NEPC boss added that the technical committee meeting would enable all state governments and the FCT present their export programmes and activities and match them with institutional export facilitation agencies intervention.
Although the FCT chose shea butter and handicraft as an alternate product with competitive and comparative advantage to promote for export in line with the one state, one product initiative, the Minister urged NEPC to expand its scope to accommodate more value chains rather than just end products and to show interest in price stability among others.
Bello also advised that NEPC should link up with relevant agencies in negotiating mechanism of pricing towards stamping and shaping pricing challenges.
He said: “We welcome you to the FCTA and it’s a fact that this is a homecoming for you because of the indepth knowledge you have about us having served three past ministers of the FCT. The progress you v made is there for all to see even though many saw you as a prophet of doom when you predicted the need for a zero reliance on oil as an alternative to oil which is becoming a reality.
“Nobody could have thought 50 years ago that industrialised countries like the United State, Germany and Russia would shut down due to unavailability of coal but here they are. Same is applicable to the future of oil and petrochemicals. We assure you of our support and we urge that you widen the scope of your operations too,” he stated.
YOU SHOULD NOT MISS THESE HEADLINES FROM NIGERIAN TRIBUNE
With the convocation of an enlarged National Executive Council (NEC) meeting by the Nigeria Labour Congress (NLC) and a memo to all its affiliate unions and state councils by the Trade Union Congress (TUC) on Tuesday, the organised labour has commenced mobilisation for the industrial strike and a nationwide protest against the increase in electricity tariff and fuel price…
HOT: FG Takes Over Revenue Management Of NNPC, Customs, FIRS, NCC, Others
Pressured by dwindling revenues and heavy debt burden, the Federal Government on Tuesday moved to boost its resources by directly taking over control of revenue management of its 10 most lucrative enterprises…
TRENDING: Borno Governor Donates House, N20m To Widow, Children Of Colonel Killed By Boko Haram
Borno State governor, Professor Babagana Zulum, on Tuesday announced a donation of a house and N20 million to the widow and children of Colonel Dahiru Bako who died from wounds sustained during an ambush on his troops while battling Boko Haram on Sunday morning…
#THROWBACK: Angry APC Governors Meet Oshiomhole
SOME governors on the platform of the All Progressives Congress (APC), on Friday, met with the national chairman of the party, Comrade Adams Oshiomhole, behind closed doors.
Yoruba name for fever is Ibà. There is also a town in Yorubaland called Ibà…
•Warns El-Rufai, North against jeopardising Tinubu’s re-election The Oodua Peoples Congress (OPC) has warned against…
The Minister of State for Defence, Dr Bello Muhammed Matawalle has lauded President Bola Tinubu…
Ogun State House of Assembly has again convened a meeting of concerned stakeholders, including government…
IT seems that as society gets increasingly dark and amoral following the collapse of…
Fringe Voices Development Foundation, a Non-Governmental Organisation, with support from the Nigerian Women Trust Fund…
This website uses cookies.