T he Federal Government has listed “ 13
National Strategic Export Products ” to
replace crude oil .
The Minister of Industry, Trade and
Investment , Olusegun Aganga who
stated this , said the move is intended
to revive the ailing national economy
with emphasis on rapid growth of the
non- oil sector for exports.
Aganga who spoke when he visited the
Chief Executive, Nigeria Export
Promotion Council (NEPC) , Olusegun
Awolowo in Abuja , said with the wind of
transformation blowing across the 13
products, they are good replacements
for crude oil in the market.
He said : “The 13 products are Agro -
industrial - palm oil , cocoa , cashew ,
sugar and rice; Mining Related- cement,
iron ore /metals ; Auto parts/ cars ,
aluminium and oil and gas industrial
products; Petroleum products, fertiliser /
urea , petrochemical and methanol.
“ NEPC has the capacity to kick -start
the diversification of the country ’s
economy. I chose NEPC and SMEDAN
for my first visit in the New Year
because of their potential and strategic
importance for diversification of the
economy, job creation , poverty
alleviation and inclusive growth.”
The strategy to be deployed in this
regard , according to him, requires that
NEPC identifies products that are being
imported by countries from other
exporting nations and develop the
products with sound logistics built
around them . As an export oriented
investment strategy , the products will
be delivered to those neighbouring
countries at cheaper rates .
Aganga said : “ In doing this, we must
recognise our neighbors’ developmental
needs , support them and collaborate
with them in areas of their comparative
advantage. For you to have sustainable
relationship , the relationship must be
symbiotic .
“ The new strategic focus is not just
agriculture but rather commodities
based -industrialisation . This will help
our economy to diversify quickly and
sustainably . “Such strategy will help
build industrial sector that can diversify
our economy in just few years.”
The minister urged NEPC to work
towards earning big income for Nigeria
by focusing on products and services
that will yield quick results in few years
with a view to assisting Nigeria earn
foreign exchange.
Awolowa said NEPC, under his
leadership, had long recognised the
need to develop the non- oil export sub-
sector and had in the process held
series of strategic meetings with
stakeholders for the development of
ideas aimed at improving the foreign
exchange earnings of the country
through different avenues.
These , he said include, the development
of a Four -Year Strategic Plan , One State
One Product (OSOP ), Nigerian Diaspora
Export Programme (NDEX) and the
development of New Markets for New
Products.
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