The Nigerian Export Promotion Council (NEPC) stated on Friday the nation’s non-oil exports reached $5.4 billion in 2024.
This determine was $939 million or 20.79 p.c greater than the $4.5 billion recorded in 2023.
The Government Director of NEPC, Nonye Ayeni, disclosed this when she briefed the media on the sector’s efficiency in Abuja.
She famous that the rise in non-oil exports displays Nigeria’s ongoing efforts to diversify its economic system past crude oil.
The expansion, in keeping with her, was largely pushed by elevated export actions in agriculture, manufacturing, and strong minerals.
Notable contributors included cocoa seeds, cocoa butter, sesame seeds, cashew nuts, urea, and different manufactured items.
Ayeni credited the rise to strategic collaborations with related businesses and establishments, saying regardless of world financial challenges, Nigeria’s non-oil sector has continued to increase.
She stated: “Regardless of financial challenges and the worldwide downturn, the Council, by means of collaborations with related businesses and establishments, has contributed to financial diversification, attaining a formidable non-oil export efficiency of $5.456bn in 2024. This represents a big 20.79 p.c enhance in comparison with the $4.517bn recorded in 2023.”
The NEPC chief attributed the achievement to the lively diversification of the economic system with a concentrate on agriculture, strong minerals, and manufacturing.
