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Nigeria’s Revenue from Non-Oil Exports Hits $2.6 Billion in H1 2022

Eunniah MbabazibyEunniah Mbabazi
August 26, 2022
in African News, Trade
Reading Time: 1 min read
Nigeria's Revenue from Non-Oil Exports Hits $2.6 Billion in H1 2022

Nigeria’s revenue from non-oil exports hit $2.6 billion in the first half of 2022, the highest since 2018.

Data from the Nigerian Export Promotion Council (NEPC) show that this represents a 62.37% increase from the $1.59 billion that was exported during the same period last year.

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Executive Director of NEPC, Dr Ezra Yakusak says the country’s non-oil export sector recorded a significant growth, as about 4.15 million metric tons of products were exported during the period, in spite of the global economic recession that affected most businesses in 2021.

The NEPC boss added that during the period under review, different Nigerian products were exported to 112 countries, adding that of the 15 top exported products, urea/fertiliser recorded 32.49% of total exports while cocoa beans, sesame seed, and aluminium ingots contributed 12.65%, 7 %, and 5.07%, respectively, within the same period.

See Also:

Tea Exports Fall 28% to 37 Million Kilograms in May


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