The Nigeria Export Promotion Council (NEPC) said it targeting $5 billion of $100billion annually at the global market from soybeans. NEPC Executive Director/ Chief Executive Officer, Mr. Olusegun Awolowo disclosed this during Implementation of Soya Beans Value under the One-State- One-Product Initiative of the Zero Oil Plan and Presentation of Threshing Machines/Equipment for farmers’ Cooperative Groups held in Makurdi, the Benue State capital.
Awolowo, who was represented by Mr. Akintunde Folorunso Deputy Director, Policy and Strategy, stressed the need to explore the inherent potential presented by the Zero Oil Plan for export market. According to him, the Zero Oil Plan was in line with the federal government’s Economic Recovery and Growth Plan (ERGP), a strategy for achieving sustainable and one class e-growth, economic recovery in the short-term with structural reforms at diversifying the economy over the medium to long term. He said: “The Zero Oil Plan is captured in the ERGP document as a new direction for Nigeria to build an economy that does not depend on foreign exchange from crude oil for improved public finances, love strategic sovereign relationships, growth in real sector output, improved competitiveness, stronger economic linkages, grassroots empowerment, improved skills and competencies, higher wages and higher investments. “It is with this huge potential that the Council has mounted interest to provide support for stakeholders in the sub-sector. Having built the capacity farmers and processors on Modern Cultivation Techniques for Increased Production and Yields and Good Agricultural Practices in the Post-Harvest Handling of Soya Beans, NEPC is taking on more steps to provide equipment for farmers for increase production and productivity, ease of processing have with minimal labour and for having wholesome products for the export market.” New Telegraph