Vice President Yemi Osinbajo has commended Chief Segun Awolowo, the outgoing Chief Executive Officer, Nigerian Export Promotion Council NEPC, over his foresight in drawing up the Zero Oil Plan.
Osinbajo gave the commendation when Awolowo led an NEPC delegation on a valedictory visit to the vice president at the Presidential Villa, Abuja.
The Zero Oil Plan, initiated and developed by NEPC, under Awolowo, is designed to move Nigeria away from being an oil-dependent economy to an export-based economy.
According to the vice president, the plan is well structured and detailed. Osinbajo said that public investments from the EU, multilateral organisations for oil and gas were certainly going to dwindle.
He said that policy makers must be in consonance with the inevitable course of the Zero Oil Plan.
Osinbajo acknowledged that the challenges of actualising the plan were many.
He said that aggro-export was the highest category of export that Nigeria had but ago-exporters had serious problems especially with the process.
