FG Targets N100B from Non-Oil Products

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The Federal Government, through the Zero Oil Plan, has set a long-term goal of earning about $100billion from about 22 major non-oil products over the next 10 years.

The Executive Director, Nigeria Export Promotion Council, Mr. Segun Awolowo, who spoke with newsmen, said the zero oil plan will add a minimum of $150billion to Nigeria’s foreign reserves over the next 10 years.

These include cotton, rice, leather, gold, soya, sugar, cocoa, petrochemicals, fertilizer, palm oil, rubber, cement, tomato, banana, oranges, cashew, cassava, sesame, spices, ginger, shea butter and cowpea.

Awolowo said the plan is expected to create at least 500,000 additional jobs yearly, due to an increase in productive and export activities, helping to contribute to the achievement of the Sustainable Development Goals.