This was contained in a statement made available to the
Commerce and Industry Correspondents Association of Nigeria (CICAN) by The
Head, Corporate Communications and Brands Management, NACCIMA, Ms Chinaza
Ezeoke.
Ezeoke noted that the ESP is aimed at providing financial
stimuli to revamp the economy amongst other objectives.
She stated that the EEF is one of the stimulus packages
designed to stimulate export, save jobs and protect export businesses from the
adverse effects of the COVID-19 pandemic.
According to her, EEF also contains a provision of N5bn for
the implementation of the Export Development Fund (EDF).
Ezeoke said, “The EDF was established under the Export
(Incentives and Miscellaneous) Act CAP E19 2004, to provide financial
assistance to private sector exporting companies to cover part of their initial
expenses in respect of export promotion, hence the organization of this first
approach, which is participation of Members in training courses, symposia,
seminars and workshops in all aspects of export promotion.”
She pointed out that the EDF will also provide support for
MSMEs exporting companies to undertake conformity assessments in the areas of
packaging, labelling, standardization, accreditation, quality certification,
amongst others.
“The Sensitization seminar was held regionally in Abuja,
Ibadan and Port-Harcourt with the leadership and members of the chambers of
commerce present. The Sensitization seminar was also held virtually for
increased awareness. Chambers of commerce were charged to disseminate
information on eligibility criteria and guidelines for accessing the funds to
their members who are exporters.
“The application for this Export Development Fund is set to
open on Monday 29th March, 2021,” She stressed.
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