The Nigerian Export Promotion Council (NEPC) has disclosed that more than $2.593 billion worth of non-oil products were exported to the international market from January to June 2020.

NEPC Executive Director Dr Ezra Yakusak said in Abuja on Tuesday: “It is worth noting that despite the global economic recession that hit most companies in 2021, the sector showed significant growth.

“The non-oil sector exported a total of 4,146,534 tons of products worth $2.593 billion between January and June 2022.

“This was an increase of 62.37 percent from the sum of $1.59 billion for the first half of 2021 and $981,442 million for the first half of 2020.”

He said the figures were “selected from non-oil export performance reports from various pre-shipment inspectorates of agents appointed by the federal government to determine the value and destination of Nigeria’s non-oil exports.”

Yakusak explained that “more than 2000 different products ranging from manufacturing, semi-processed, solid minerals to raw agricultural products were exported during the reporting period.

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“It may be interesting to note that, contrary to what has been the case in the past, the trend of products exported from Nigeria is gradually shifting from traditional agricultural exports to semi-processed/manufactured goods.

“This can be inferred from the following product clarification as included in the PIA report. Manufactured products – 36.28 percent, raw agricultural products – 33.35 percent, precious stones – 13.22 percent, while others filled the remaining 17.15 percent.”

He further stated that the top 15 products to be exported from Nigeria in the first half of 2022 will include urea/fertilizer with a record 32.49 percent of total exports, while cocoa beans, sesame seeds and aluminum rods contributed 12.65 percent. , seven percent and 5.07 percent, respectively, within the same period.”

The ED said that in the reporting period, about 574 companies participated in the export of Nigerian products.


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