The Nigerian Export Promotion Council has said that the non-oil exports generated $2.7bn in the first half of 2024, representing a 6.26 per cent increase from the $2.5bn recorded during the same period in 2023.
The Executive Director/Chief Executive of NEPC, Nonye Ayeni, said in her presentation of the progress report on non-oil export performance for six months on Wednesday in Abuja that the total volume of exports during the review period was 3.834m metric tonnes, with 211 products exported, ranging from agricultural commodities to products from extractive industries.
She stated that the performance indicates that Nigerian products are gradually diversifying from traditional raw agriculture exports to semi-processed and manufactured goods.
According to her, the increase in export value to the successful transition of government in May 2023 and the policy initiatives under president government.
Ayeni said that the impact of the NEPC’s “Operation Double Your Exports” initiative, had positively influenced the sector’s performance.
“In just six months, we have seen tangible results from our concerted efforts to expand Nigeria’s non-oil export base.
“I am optimistic that with the several export intervention programmes and projects we have started and are ongoing, complemented by the NEPC flagship campaign programme, ‘Operation Double Your Exports,” said, adding that the sector is positioned to contribute immensely to the country’s Gross Domestic Product, increase the country’s foreign exchange earnings.
GIK/APA