The Nigerian Export Promotion Council (NEPC) stated that Nigeria recorded a non-oil export earnings of $4.820 billion in 2022.
The Government Director/CEO of NEPC, Ezra Yakusak, stated this on Friday in Abuja whereas presenting the non-oil export efficiency for 12 months 2022 to journalists.
In keeping with Mr Yakusak, this represented a rise of 39.91 per cent over 2021.
He stated that the figures signify knowledge collated from numerous pre-shipment inspection brokers appointed by the federal authorities below the Pre-shipment Inspection Act, 2004.
In keeping with Mr Yakusak, the result’s the very best worth ever achieved because the institution of NEPC 47 years in the past.
He stated this present outcome lends credence to the truth that the a number of export intervention programmes initiated and executed by the council and different sister companies through the 12 months below overview have been progressively yielding the specified outcome.
“About 214 completely different merchandise starting from manufactured, semi-processed, strong minerals to uncooked agricultural merchandise have been exported in 2022.
“Of those merchandise exported, Urea/Fertiliser topped the listing with 32.87 per cent.
“The emergence of Urea/Fertiliser as the very best exported product in 2022 will be attributed to the Russia-Ukraine struggle which created an avenue for Nigeria’s Urea/Fertilizer to thrive.
“It’s worthy to notice that our merchandise have been exported to 122 nations with Brazil recording the very best import worth of 12.27 per cent,’’ he stated.
Giving a breakdown of the non-oil efficiency, Mr Yakusak stated that 1,172 exporters participated with Indorama-Eleme Fertilizer and Chemical Restricted taking the lead with 23.25 per cent.
“Thirty one issuing banks participated with Zenith Financial institution PLC processing the very best NXP values, 19 exit factors have been used with Apapa Port recording the very best tonnage.
“The month of December recorded the very best export worth of 10.37 per cent,’’ he stated.
The NEPC boss, nonetheless, regretted that of the highest 10 importers of Nigerian merchandise, no African/ECOWAS nation made it to the highest 10.
“We on the NEPC are working assiduously to alter that trajectory significantly within the wake of the Africa Continental Free Commerce Space (AfCTA).
“The institution of the Export Commerce Home Lome, the solo exhibition in Gambia, participation on the Lome Worldwide Commerce Honest are deliberate initiatives geared toward boosting non-oil export inside the ECOWAS sub-region.
“Put otherwise, there may be the necessity to enhance intra-African commerce given the massive alternatives and advantages therein,’’ he stated.
Mr Yakusak additional stated that the non-oil export of Nigerian merchandise was progressively diversifying from its conventional agriculture exports to semi-processed/manufactured merchandise.
“That is buttressed by the truth that out of the product group exported, agricultural merchandise topped with 30.12 per cent
“Semi processed/manufactured merchandise 36.61 per cent and valuable stones 17.06 per cent and others 13.21 per cent,’’ Mr Yakusak stated.
(NAN)
