By Franca Ochigbo 11 hours 19 minutes ago
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The Minister of Commerce and Industry, Senator Jubril Martins-Kuye, disclosed that Nigeria’s non-oil export has increased 11 fold from USD 0.2 billion in 2000 to USD 2.3 billion in 2010.
He stated this during the presentation of the report of the Inter-Ministerial Committee on the comprehensive review of the Export Expansion Grant (EEG) by the Chairman of the Committee Dr. Abubakar Mohammad in Abuja.
The minister listed the non-oil exports to include cocoa, leather, rubber, cotton, textiles, shrimps, sesame seeds and gum Arabic.
He said: “The EEG is a well- calculated sound and unassailable policy in the area of export-oriented and forex-earning industrialisation. It’s main objective was to compensate export manufacturers for manufacturing cost increases traceable to hash environment thereby enhancing their products’ competitiveness in the export markets.”

http://www.thenationonlineng.net/2011/index.php/business/5794-non-oil-export-hits-2-3b-says-minister.html