NEPC hopeful of N156bn EEG backlog clearance Stakeholders have expressed concerns about the country’s poor non-oil exports, citing it as a major reason for the wide deficit in the balance of trade, as well as inadequate foreign exchange earnings. With N194 billion of the outstanding Export Expansion Grant (EEG) already settled via promissory notes from the Debt Management Office (DMO), the Nigerian Export Promotion Council (NEPC) has given assurance of the approval and settlement of the remaining N156 billion by the National Assembly. According to the NEPC, the backlog remains unsettled as it did not scale through the passage by the previous session of the National Assembly but expressed optimism that the ninth assembly would consider the settlement to promote non-oil exports.