x

“Federal Govt Launches ‘Export774’ Initiative to Boost Non-Oil Exports and Economic Growth”

The Nigerian federal government has taken a significant step towards economic transformation with the launch of the “Export774” initiative. Spearheaded by the Nigerian Export Promotion Council (NEPC), this campaign seeks to break free from the nation’s oil-dependent past and foster a more diversified trade landscape.

At the 2023 Export4Survival hiking campaign in Abuja, Dr. Ezra Yakusak, the Executive Director of NEPC, emphasized the urgent need to promote locally-made goods and services through exports to ensure Nigeria’s survival and prosperity. Drawing a compelling parallel between export and survival, he stated, “Just as we need to exercise to survive, we also need to export to thrive and secure Nigeria’s economic future.”

Central to the “Export774” initiative is the development of a comprehensive compendium, providing valuable insights for investors and exporters. This document will highlight export potential across different regions, identify promising products, and assess market competitiveness, thereby attracting foreign investments and fostering growth opportunities.

read more:Senator Wamakko Receives In Audience Business Mogul Mangal

Nigeria’s non-oil export sector has already witnessed an impressive 40 percent growth in the past two years, reaching a notable $5.6 billion in 2022. The first quarter of 2023 saw a promising repatriation figure of $1.7 billion back into the economy. The successful introduction of new products like sorghum and orange peel has significantly enriched Nigeria’s export baskets.

To achieve the ambitious goals of the “Export774” campaign, Dr. Yakusak stressed the importance of a harmonious public-private partnership. He called for collective efforts to promote “Export774,” urging businesses to adopt an export-oriented mindset and seize global market opportunities. This initiative promises to drive non-oil exports, foster economic growth, and position Nigeria as a prominent player in the international trade arena.

Hot this week

China’s Economy Grows 5.2% in First Three Quarters of 2025, Says NBS

China’s economy maintained its growth momentum in the face...

JUST IN: NMA Declares Nnamdi Kanu Fit for Trial, Says Illness Not Life-Threatening

The Nigerian Medical Association (NMA) has informed the Federal...

Match fixtures

Tuesday 21 October 2025 Champions League17:45 BST BarcelonavOlympiacos 17:45 BST FC...

Kaduna: Foundation Protests Demolition of Property, Seeks Gov. Uba Sani’s Intervention

By Achadu Gabriel, KadunaMembers of the OneAgape Foundation on...

Kogi State Polytechnic Urges Prosecution of Staff Over Alleged Salary Fraud

By Noah Ocheni, LokojaThe Management of Kogi State Polytechnic,...

North Central Development Commission Condoles with Senator Abba Moro Over Death of Son, Grandson

By Abel Zwanke, LafiaThe Managing Director and Chief Executive...

Outcry as WhatsApp Bans Nigerian Journalist’s MTN Line Without Warning or Clear Reason

By Achadu Gabriel, KadunaThere has been widespread outrage following...

KOSIEC Announces 2026 Local Government Council Elections in Kogi State

By Noah Ocheni, LokojaThe Kogi State Independent Electoral Commission...

KADMAM Advocates Improved Maternal Health, Declares “No Child Should Die at Birth”

By Achadu Gabriel, KadunaThe Co-chairman of the Kaduna Maternal...

Evaluation of Nigeria’s Foreign Policy in the Contemporary Era

By Daudu Agaba Andrew SamuelNigeria’s foreign policy has long...

Related Articles

Popular Categories

spot_imgspot_img