COVID-19 pandemic: FG flags off  export expansion facility programme

The federal government in a bid to sustain increase  volume of export from Nigeria  launched on Monday the Export Expansion Facility Programme (EEFP) and an online Grant Management Portal. This is expected to secure, create jobs and support resilience to shore up foreign exchange in the country.

The Minister of Industry, Trade and Investment, Niyi Adebayo, said during the launch that the move was necessitated by the COVID-19 pandemic.

The EFFP, he said, is a N50 billion intervention to support export businesses, cushion the effects of the COVID-19 pandemic, safeguard jobs and de-risk the economy from shocks for non-oil export sector.

The former Ekiti governor said if there was one lesson the country has learnt from the COVID 19 pandemic, it is resilience.

He added that in a time of pandemic, nothing defines a nation more than how its leaders and people rise to the crises that manifest, often without warning, and must be confronted one way or another.