The Nigerian-Export Promotion Council (NEPC) has disbursed N365billion to exporters across the federation.

Regional Coordinator, Southwest Regional Office of the Council, Akintunde Folorunso, made this known during the Nigerian-American Chamber of Commerce (NACC) Breakfast Meeting in Lagos.

Folorunso said it’s a post-shipment incentive that is meant to lessen the cost of doing business in Nigeria in the provision of power, sinking of borehole, cost of packaging, cost of equipment and the cost of logistics, adding that the fund is meant to take care of expenses incurred.

The fund is an export expansion grant (EEG) for exporters who have been able to export their products and have repatriated their funds.