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NON – OIL EXPORT INCREASED TO $4.8BN IN 2022 – NEPC

The Nigerian Export Promotion Council recently revealed that Nigerian’s non-oil exports grew by 39.91 per cent in 2022 to $4.820billion. Semi-processed/manufactured products made up 36.61 per cent of the exports beating Agriculture’s 30.12 per cent volume of non-oil exports, while precious stones made up 17.06 per cent, and others 13.21 per cent. This was disclosed by the Executive Director/CEO of the NEPC, Ezra Yukusak, during the presentation of the non-oil export performance for the year 2022 in Abuja. Yakusak noted that the country’s non-oil exports record for 2022 reached its highest since the establishment of the NEPC 47 years ago, acknowledging export intervention programmes by the NEPC over the years. It is worthy to note that our products were exported to 122 countries with Brazil recording the highest import value of 12.27 per cent.” Yukusak, nevertheless, regretted that no African nation made it to the top 10 list of Nigerian product importers, adding that the NEPC was working to reverse that through the Africa Continental Free Trade Area, “We at the NEPC are working assiduously to change that trajectory, particularly in the wake of the Africa Continental Free Trade Area (AfCTA).

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