Business ‘LAKAJI’ project to raise Nigeria’s non-oil exports to N6.4trn by 2017- National Mirror

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LequteMan

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The Lagos-Kano-Jibiya, LAKAJI, Agricultural Growth Corridor Investment project, being spearheaded by the United States Agency for International Development, USAID, is projected to raise the country’s yearly non-oil exports value to about N6.4trillion by 2017.

The initiative, which is estimated to gulp about $12million (N1.92bn) in the four year implementation period, within the context of the Nigeria Expanded Trade and Transport Program, NEXTT, policy framework, is seen by analysts as coming at an auspicious time, particularly when earnings from the country’s crude oil exports is waning due to supply-demand convulsions at the international oil markets.

Investigations by National Mirror indicated that USAID and other investors would provide the $12 million, with the hope that if the project is accorded all the needed enabling fiscal, infrastructure and other critical policy frameworks, Nigeria’s non-oil exports would hit $40 billion (about N6.4trillion) mark yearly, with the larger volume going to the United States.

Source: National Mirror

see more at http://nationalmirroronline.net/new...-nigerias-non-oil-exports-to-n6-4trn-by-2017/


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