Government boosts non-oil exports with new NEPC funding
The Federal Government has allocated N881.13m to the Nigerian Export Promotion Council (NEPC) for capital projects. This move follows a record non-oil export performance of $6.1bn in 2025. Nonye Ayeni, Executive Director of NEPC, highlighted the sector’s growth and the importance of value addition. Stakeholders, including Segun Ajayi-Kadir and Segun Kuti-George, welcomed the funding and called for more focus on processed exports.
TLDR
- The NEPC received N881.13m for capital projects in the 2026 Appropriation Bill after non-oil exports hit $6.1bn in 2025.
- The allocation targets institutional strengthening, export infrastructure, certification, market access, and value-chain development.
- Nonye Ayeni stated that 281 non-oil products were exported in 2025, showing progress in value addition.
- Segun Ajayi-Kadir and Segun Kuti-George praised the allocation but stressed the need for clearer data and more value-added exports.
- The NEPC’s support for MSMEs and export market access was highlighted as a key benefit by stakeholders.
