• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Wednesday, July 16, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Non-oil Exports Revenues Rise By 40% To $4.82bn – NEPC

by Leadership News
2 years ago
in Business
NEPC
Share on WhatsAppShare on FacebookShare on XTelegram

The Nigerian Export Promotion Council (NEPC) has said Nigeria recorded non-oil export earnings of $4.82 billion in 2022. 

Advertisement

Ezra Yakusak, executive director/chief executive officer (CEO), NEPC, said this while presenting the 2022 non-oil export performance to journalists in Abuja on Friday. 

 Yakusak said the figure represented a 39.91 percent increase compared to 2021 when non-oil exports totalled $3.45 billion. 

He said the figure is based on data collated from various pre-shipment inspection agents appointed by the federal government under the Pre-shipment Inspection Act, 2004.

Yakusak said it was the best yearly result since the NEPC was established 47 years ago.

RELATED

4th Digital Xperience Centre To Enhance Banking Services – First Bank

FirstBank Partners UNGC To Bridge SDG Financing Gap

23 hours ago
Stockbrokers To Launch First Book, Documentary On Nigerian Capital Market

Stockbrokers To Discuss Economic Growth Strategies

23 hours ago

He said the latest results lend credence to the fact that various export intervention programmes initiated and implemented by the council and other sister organisations gradually yielded desirable results throughout the year under consideration.

“About 214 different products ranging from manufactured, semi-processed, solid minerals to raw agricultural products were exported in 2022,” he said. 

“Of these products exported, urea/fertiliser topped the list with 32.87 percent.

“The emergence of urea/fertiliser as the highest exported product in 2022 can be attributed to the Russia-Ukraine war which created an avenue for Nigeria’s urea/fertiliser to thrive.

“It is worthy to note that our products were exported to 122 countries with Brazil recording the highest import value of 12.27 per cent.” 

Yakusak provided a breakdown of non-oil performance, saying 1,172 exporters participated, with Indorama-Eleme Fertilizer and Chemical Limited leading with 23.25 per cent. 

“31 issuing banks participated with Zenith Bank PLC processing the highest NXP values, 19 exit points were used with Apapa Port recording the highest tonnage,” he said. 

“The month of December recorded the highest export value of 10.37 percent.” 

However, Yakusak noted that no African/Economic Community of West African States (ECOWAS) country was among the top ten importers of Nigerian products.

“We at the NEPC are working assiduously to change that trajectory, particularly in the wake of the Africa Continental Free Trade Area (AfCTA),” he said. 

“The establishment of the Export Trade House Lome, the solo exhibition in Gambia, participation at the Lome International Trade Fair are deliberate initiatives aimed at boosting non-oil export within the ECOWAS sub-region.

“Put differently, there is the need to increase intra-African trade given the huge opportunities and benefits therein.” 

Yakusak added that non-oil exports of Nigerian products are gradually diversifying from traditional agricultural exports to semi-processed/manufactured goods.

“This is buttressed by the fact that out of the product group exported, agricultural products topped with 30.12 percent,” he said.

“Semi-processed/manufactured products 36.61 percent and precious stones 17.06 per cent and others 13.21 percent.”

 


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel



Tags: NEPC
SendShareTweetShare
Previous Post

As Call For Local Gas Off-takers Contract Cycle Renewal Heightens

Next Post

18 Political Parties Sign Peace Accord In Kebbi

Leadership News

Leadership News

You May Like

4th Digital Xperience Centre To Enhance Banking Services – First Bank
Business

FirstBank Partners UNGC To Bridge SDG Financing Gap

2025/07/15
Stockbrokers To Launch First Book, Documentary On Nigerian Capital Market
Business

Stockbrokers To Discuss Economic Growth Strategies

2025/07/15
Customs CG Approves Promotion Of 357 Junior Officers
Business

Infractions: Customs Ban Pharmaceutical Goods Clearance From Bonded Terminals

2025/07/15
Improved Licensing Process Attracts $1.2bn Investment To Modular Refineries
Business

Improved Licensing Process Attracts $1.2bn Investment To Modular Refineries

2025/07/15
Court Restrains Reps From Investigating Sterling Bank
Business

Sterling Bank Seeks To Boost Non-oil Export With Academy

2025/07/15
PTDF Boosts Oil & Gas Manpower, As 5,000 Screens For Overseas Scholarship
Business

Scholarships: PTDF Strengthens Oil & Gas Sector With Strategic Partnerships, Screens 5,723 Applicants

2025/07/15
Leadership Conference advertisement

LATEST

South African MK Party Supports Morocco’s Sovereignty Over Western Sahara Breakaway

‘Buhari, A Soldier’s Soldier’, Says Ex-CDS Irabor In Heartfelt Tribute

Obidient Movement Resists Coalition’s Hijack In Ebonyi

PDP Group Rejects ‘Consensus’ Guber Candidate In Nasarawa

Governor Diri Urged To Ignore ADC, Join APC

40,678 Kogi Children Affected By Malaria – Consortium

APGA Woos Governor Otti

UNN Pro-Chancellor Urges South West Support For Tinubu

Kaduna Residents Bid Farewell To Buhari

NEPC, Customs, Others Chart Path To Cross–Border Trade

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.