Lagos - Hard times are ahead of manufacturers who produce primarily for export following the decision of the federal government to scrap the Export Expansion Grant (EEG).
The government’s decision to stop the grant follows the serious inefficiency noticed in the management of the scheme, reports ThisDay.
Okonjo-Iweala, Coordinating Minister of the Economy and Minister of Finance, said the decision to put the scheme on hold is to enable the government review the entire process and ascertain its sustainability and effectiveness.
The manufacturers have, however, argued that the decision if taken, would lead to the total demise of some products like cocoa processing in Nigeria.
Read more at ThisDay.
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