Nigerian exporters owed several millions of naira under the Export Expansion Grant (EEG) scheme are disturbed by the non-approval of monies due to them in respect of the exports they made in 2016 and 2017. They have, therefore, appealed to the members of the National Assembly to support their cause by approving the monies. The accumulated debt was put at N1trillion, representing accumulated payments for years 2016 and 2017.
The entrepreneurs say that the non-payment of the debt is hamstringing their operations and that they are finding it difficult to meet contractual obligations with suppliers and workers, having expended so much money participating in the scheme. According to them, the settlement of the debt will tremendously boost members’ businesses.
The federal government under President Muhammadu Buhari revived the Export Expansion Grant (EEG) scheme which aims at supporting active exporters to expand their international business. This could be through…
