THE attention of the public has recently been drawn to the protracted controversy over the implementation of the Federal Government’s Export Expansion Grant, EEG, a laudable policy aimed at driving non-oil exports and ultimately diversifying Nigeria’s economy and the revenue base.
As much as the objective is in tandem with the Economic Recovery and Growth Plan, ERGP, the key economic policy framework of the present administration, it is ironical that rather than give the EEG a boost, the relevant authorities have snarled it in an implementation logjam.
Currently, over N350 billion is the outstanding indebtedness of the government to the bona fide beneficiaries for more than nine years while some elements of underhand deals have been spotted in the discriminatory disbursement of the funds.
There has also been a needless information gap over the legislative and executive actions in effecting the payments as well as the payments’ modus operandi.
Why should the Legislature…
