Nigeria’s Non-Oil Sector Exports $2.593bn Worth Products

In spite of the global economic recession that affected most businesses in 2021, Nigeria’s non-oil sector recorded a significant growth, exporting a total of 4,146,534 metric tons of products valued at $2.593billion between January to June 2022.
The Executive Director (ED)/Chief Executive Officer (CEO), Nigeria Export Promotion Council (NEPC), Ezra Yakusak, who disclosed this during the presentation of the first half-year progress report on the non-oil sector in Abuja, said this represented a 62.37 per cent increase compared to N1.59billion recorded in the first half of 2020 and 2021 which was $981.442 million.
Yakusak said these figures were culled from the non-oil export performance reports of various pre-shipment inspection agents appointed by the Federal Government to determine the volume, value and destination of non-oil export.
According to him, this was in line with Section 12 of the Pre-shipment Inspection Act, Cap P25 LFN 2004.
Analysis from these pre-shipment inspection agents, he stated, indicates that January to June 2022 export performance is the highest half year non-oil export performance since 2018.
“Over 200 different products ranging from manufactured, semi processed, solid minerals to raw agriculture products were reported to have been exported in the period under review.
“The trend of products exported from Nigeria is gradually shifting from its traditional agricultural export to semi processed manufactured goods,” he said.
He said during the period under review, different Nigerian products were exported to 112 countries.
Some of these products, Yakusak disclosed, were exported to America, Asia, Europe, Oceania regions and Africa, nothing that Brazil, the United States and India were the top three export destinations based on the value of imports.