In Enugu on Wednesday, Mr Peter Njoku, the Assistant Director, Export Development and Incentives Department of the Nigerian Export Promotion Council (NEPC), revealed that the Export Development Fund (EDF), which was launched over 30 years ago, and has been recently reactivated by the Federal government, has launched a N5 billion export trade palliative for exporters in Nigeria.
According to Mr Peter Njoku; “The reactivated EDF is part of the export development facilities of the federal government aimed at increasing export in Nigeria.”
He went on to say; “From the records, it is obvious that people from the southeast do not usually come out to be part of this type of thing.
“Almost every intending exporter is qualified to access the fund. The requirements are not stringent to potential exporters.”
He noted that only a small number of Southeast exporters benefitted from a recent Export Development Grant, and urged South Eastern exporters and SMEs to get involved in government palliative schemes for businesses.