How Increased Exports Will Strengthen Naira – NEPC Boss

The Executive Director of the Nigerian Export Promotion Council (NEPC) Dr Ezra Yakusak, said increased exports would stop the free fall of the naira against the dollar and also improve the country’s economy.

Dr Yakusak stated this recently in Abuja at a press conference ahead of the second non-oil export summit in Abuja.

He said, “If you look at what is happening, the naira is about a thousand to a dollar and the only way to stop the challenge is through export.

“The only way to halt the depreciation of the naira is through expanding exports. When you export, you add value, and your currency gains strength.”

Speaking further, Yakusak announced the second National Conference on Non-Oil Exports themed “Building a Sustainable National Economy through Non-Oil Export.”

The NEPC boss emphasised that the event scheduled to take place from October 4 to 5, 2023, in Abuja, aims to convene stakeholders from both the public and private sectors to deliberate on strategies to enhance the country’s export capacity to further bolster the value of the Nigerian currency.

He added that the Vice President Kashim Shettima, among other top dignitaries, will grace the occasion.