FG Launches Group to Revamp Export Expansion Grant Scheme

The Federal Government has inaugurated an Inter-Ministerial Working Group tasked with the comprehensive restructuring of the Export Expansion Grant (EEG) Scheme, setting a 60-day deadline for the committee to develop a transparent, technology-driven, and fiscally sustainable framework. The inauguration took place in Abuja, led by Dr. Jumoke Oduwole, the Honourable Minister of Industry, Trade and Investment.

This reform aligns with Priority 7 of President Bola Ahmed Tinubu's Renewed Hope Agenda, focusing on economic diversification through non-oil exports. The objective is to create a practical export incentive system that strengthens Nigerian enterprises, increases domestic value addition, creates jobs, and enhances competitiveness in global markets.

Oduwole emphasized the need for the new framework to avoid past unsustainable obligations and to prioritize domestic value addition and export of value-added products. The Working Group is also directed to establish clear parameters for eligibility, funding discipline, and a technology-enabled execution framework for the EEG process.