NEPC Tackles ₦330 Billion Export Grant Backlog for Competitiveness
The Nigerian Export Promotion Council (NEPC), under the leadership of Executive Director and Chief Executive Officer Mrs Nonye Ayeni, is working to resolve a ₦330 billion backlog in Export Expansion Grant (EEG) payments. This backlog includes ₦269.45 billion in verified claims from 195 beneficiary companies and an additional ₦60.64 billion in stepped-down claims from 32 companies covering the 2017–2020 period.
The Federal Government is collaborating with the Manufacturers Association of Nigeria Export Group (MANEG) to clear these outstanding claims while developing a sustainable funding model for the EEG scheme. The initiative aims to restore confidence in Nigeria's export support mechanisms, which have been undermined by delayed payments and policy uncertainty.
The NEPC emphasizes that resolving the backlog is crucial, but it is equally important to prevent future accumulations by establishing transparent eligibility criteria, efficient verification processes, and predictable payment timelines.
Plus234Feed summary based on reporting from Premium Times. Read the original report below.
Read full article
Continue on Premium Times
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
NEPC's Mrs. Ayeni Leads EEG Scheme Restructuring Efforts
NANS Commends NEPC for Youth Empowerment Initiatives
NEPC and NANS Partner to Boost Student Export Skills
NEPC Drives Nigeria's Economic Diversification Efforts
FG Urges Manufacturers to Utilize ECOWAS Trade Scheme
NESG Urges FG to End Raw Exports, Boost Local Production
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
