It seems most Nigerian exporters are not happy with Nigeria’s Debt Management Office. The reason- How the Export Expansion Grant (EEG) is managed. Most Nigerians can recall that almost all her governments have paid lip service to the need for economic diversification and growth of non-oil export.
However, the present government in Nigeria under President Mohammed Buhari, after the last economic recession, seemed to have realized that it will be very hard for the Nigerian economy to grow without doing something dramatic about growing non-oil exports.
So the President decided to revive The Export Expansion Grant (EEG). Every stakeholder has come to agree that its implementation will boost non-oil exports and Nigeria’s economy. The Export Expansion grant was created specifically to help cushion those disadvantages experienced by Nigerian exporters from a cost perspective due to anomalies in the areas of infrastructure, Power, and monetary/ fiscal distortions.
Regrettably, the…
