NEPC Says Nigeria Exported $2.59 Billion Worth Of Non-Oil Products In First Half Of 2022

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The Nigerian Export Promotion Council (NEPC) has revealed that Nigeria exported more than 4.146 million metric tonnes of non-oil products, worth $2.593 billion from January to June 2022.

The achievement lays credence to the country’s efforts at reducing its over-dependence on the oil sector for foreign exchange earnings and boosting export volume from the non-oil sector.

This was made known by the Executive Director of NEPC, Dr Ezra Yakusak while presenting the first half year 2022 progress report to newsmen in Abuja.

Yakusak said that this figure represents a 62.37% increase when compared to the $1.59 billion that was achieved in the first half year in 2021 and 2020 which stood at $981.442 million, respectively.

NEPC Says Nigeria Exported $2.59 Billion Worth Of Non-Oil Products In First Half Of 2022

Yakusak said, “In spite of the global economic recession that affected most businesses in 2021, the sector recorded a significant growth in non-oil export.

“A total of 4,146,534 metric tonnes of product worth $2.593 billion were exported between January and June 2022.
“These figures were culled from the non-oil export performance reports of various pre-shipment inspection agents who are appointed by the Federal Government to determine the volume, value and destination of Nigerian non-oil export.

“The analysis from returns of these pre-shipment inspection agents indicates that the January-June 2022, export performance was the highest half year non-oil export performance since 2018.’’