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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.

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.

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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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