Calabar — The Executive Director and Chief Executive of the Nigerian Export Promotion Council (NEPC), Mr David Adulugba has said that export business is very critical to Nigeria's economic survival.
He said Nigeria should encourage the exportation of other commodities aside from oil.
He warned that no nation can survive on consumer status for long, stressing that export business can impact positively on the Gross Domestic Product (GDP) of the country.
He said that most developing countries have repositioned their export sectors for prosperity.
"It is a proven fact that export business is critical to a nation's health as it impacts positively on the GDP. This is because it catalyses economic growth; creates a strong base for technological development; encourages economic specialisation; and ultimately high rate of investment," he said.