Reps task panel on activities of export promotion council
Determined to ensure that the country does not depend solely on oil production for its income, the House of Representatives yesterday mandated its Committee on Commerce to assess the level of export promotion in Nigeria and the activities of Nigerian Export Promotion Council in recent years.
The House resolution followed the adoption of a motion brought on the floor of the chamber by Abdullahi Umar Faruk who sought the need for the parliament to ensure that Nigeria does not depend solely on oil production for its income.
The committee is to report back to the House within six weeks for further legislative action.
Leading the debate, Faruk expressed concern that the Nigerian Export Promotion Council was established in 1976 to be a leading agency for promoting non-oil export from Nigeria, but the country has continued to rely on the exportation of crude oil which accounts for more than 70 per cent of the nation’s total revenue.
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