The Federal Government has earmarked \u20a6881.13 million for capital projects of the Nigerian Export Promotion Council (NEPC) in the 2026 Appropriation Bill, following Nigeria\u2019s record-breaking $6.1 billion non-oil export performance in 2025.<\/p>\n\n\n\n
Details from the 2026 budget proposal submitted to the National Assembly show that the allocation is targeted at institutional strengthening, export infrastructure, certification, market access, and value-chain development across the country\u2019s six geopolitical zones.<\/p>\n\n\n\n
The NEPC funding forms part of the proposed \u20a658.47 trillion federal budget and reflects the government\u2019s growing policy drive to diversify foreign exchange earnings away from crude oil.<\/p>\n\n\n\n
A breakdown of the NEPC capital vote shows that the largest allocation of \u20a6143.99 million is for the establishment of export clusters, aggregation centres, and hubs across the six geopolitical zones.<\/p>\n\n\n\n
Another \u20a6133 million was allocated for the establishment of common facility centres and export skills acquisition centres in four geopolitical zones, focusing on key regional export products.<\/p>\n\n\n\n
The government also set aside \u20a684 million for institutional strengthening aimed at improving the operational efficiency of the council.<\/p>\n\n\n\n
Other key allocations include:<\/p>\n\n\n\n
The lowest allocations include \u20a621 million each for asset verification at the NEPC headquarters and digital advertising to promote non-oil exports nationwide, while \u20a637.14 million was budgeted for innovations in accounting, budget management, and financial disclosure.<\/p>\n\n\n\n
The funding follows a January report showing that Nigeria\u2019s non-oil exports rose to $6.1 billion in 2025\u2014the highest figure recorded since the NEPC was established nearly 50 years ago.<\/p>\n\n\n\n
NEPC Executive Director and Chief Executive Officer, Nonye Ayeni, said the figures were based on data from pre-shipment inspection agencies.<\/p>\n\n\n\n
\u201cNigerian non-oil export performance in 2025 reached an all-time high of approximately $6.1 billion, representing a year-on-year growth of about 11.5 per cent over the $5.4 billion recorded in 2024,\u201d Ayeni said.<\/p>\n\n\n\n
She added that the performance cut across agricultural commodities, processed and semi-processed goods, industrial inputs, and solid minerals, with Nigeria exporting 281 non-oil products during the year. However, she cautioned that a significant volume of trade still occurs informally across land borders.<\/p>\n\n\n\n
Industry stakeholders have welcomed both the export growth and the budgetary allocation, while calling for greater emphasis on value addition.<\/p>\n\n\n\n
The Director-General of the Manufacturers Association of Nigeria (MAN), Segun Ajayi-Kadir, described the allocation as encouraging but stressed the need for clearer data on export composition.<\/p>\n\n\n\n
\u201cWhat is critical is knowing how much of the non-oil export value comes from manufactured products and services,\u201d he said, adding that sustainable growth depends on moving up the value chain.<\/p>\n\n\n\n
Similarly, the National Vice President of the National Association of Small-Scale Industrialists (NASSI), Segun Kuti-George, praised NEPC\u2019s role in training and exposing MSMEs to international markets.<\/p>\n\n\n\n
\u201cThe contribution of NEPC cannot be overemphasised. They have supported MSMEs through training, exhibitions, and fully funded trade missions to countries like Egypt and Algeria,\u201d he said.<\/p>\n\n\n\n
As Nigeria pushes deeper into economic diversification, analysts say the effectiveness of the 2026 NEPC capital projects will depend largely on how well they translate export growth into jobs, value addition, and long-term competitiveness.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Federal Government has earmarked \u20a6881.13 million for capital projects of the Nigerian Export Promotion Council (NEPC) in the 2026 Appropriation Bill, following Nigeria\u2019s record-breaking $6.1 billion non-oil export performance in 2025. Details from the 2026 budget proposal submitted to the National Assembly show that the allocation is targeted at institutional strengthening, export infrastructure, certification,<\/p>\n","protected":false},"author":3,"featured_media":96131,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[172],"tags":[243,242],"class_list":["post-96130","post","type-post","status-publish","format-standard","has-post-thumbnail","category-news","tag-federal-government","tag-nepc"],"_links":{"self":[{"href":"https:\/\/kokocurrent.com\/index.php?rest_route=\/wp\/v2\/posts\/96130","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kokocurrent.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kokocurrent.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kokocurrent.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/kokocurrent.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=96130"}],"version-history":[{"count":1,"href":"https:\/\/kokocurrent.com\/index.php?rest_route=\/wp\/v2\/posts\/96130\/revisions"}],"predecessor-version":[{"id":96132,"href":"https:\/\/kokocurrent.com\/index.php?rest_route=\/wp\/v2\/posts\/96130\/revisions\/96132"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/kokocurrent.com\/index.php?rest_route=\/wp\/v2\/media\/96131"}],"wp:attachment":[{"href":"https:\/\/kokocurrent.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=96130"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kokocurrent.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=96130"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kokocurrent.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=96130"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}