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Increased non-oil export will halt naira depreciation – NEPC boss

The Executive Director of the Nigerian Export Promotion Council, Ezra Yakusak, has revealed that the key to stabilising the free fall of the naira against the dollar lies in enhancing the country’s export capacity.

The Executive Director explained that an increase in Nigeria’s non-oil exports would result in a stronger value for the naira in the international market.

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.

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