Nigeria, March 29 -- The federal government on Monday launched the Export Expansion Facility Programme, an online grant portal, and flagged off the Export Development Fund.

The EEFP aims to protect export businesses from the effects of the COVID-19 pandemic, safeguard jobs and de-risk the economy from shocks like COVID in the non-oil sector.

According to the Minister of Industry, Trade, and Investment, Niyi Adebayo, who was at the event, the goal of the expanded facility is to increase Nigeria's export capacity in the near term and its export volumes in the medium term.

"It will also provide economic incentives to ease the economic effect of the COVID-19 on players in the export sector, fast track the zero oil plan to create jobs, and ...