Nigeria's non-oil export sector experienced significant growth in 2023, with the country exporting 6.685 million metric tonnes of non-oil products valued at $4.518 billion, marking a 28.04% increase compared to the previous year.
This was disclosed by the Executive Director/CEO of the Nigerian Export Promotion Council (NEPC), Nonye Ayeni, during a recognition dinner held in Lagos on Sunday, October 20, to honor top-performing non-oil export companies. Ayeni highlighted that Nigeria exported 273 distinct non-oil products in 2023, ranging from semi-processed goods to raw agricultural commodities.
She stated, "Key exports included urea, cocoa beans, sesame seeds, soybeans, gold dore, cashew nuts, aluminum ingots, and hibiscus flowers. These products have positioned Nigeria as a competitive player in global markets, boosting foreign exchange inflows and contributing to the stabilization of the naira."
Ayeni praised the efforts of exporters, noting, "Your contributions showcase Nigeria's vast potential beyond oil and inspire other businesses to explore opportunities in the non-oil sector."
Looking ahead, Ayeni revealed the NEPC’s plans to prioritize 20 key products, provide support to 10 top exporters per product, and target five international markets to further expand the country's non-oil exports.
The Minister of Industry, Trade, and Investment, Dr. Doris Uzoka-Anite, also spoke at the event, announcing, "We have signed trade agreements with countries including the UK, US, China, and India to enhance market access for our exporters. Our focus is on removing barriers for exporters, as President Tinubu has emphasized, while attracting foreign investment, expanding export capacity, and addressing any challenges they face."
This growth in non-oil exports is seen as a positive step towards diversifying Nigeria's economy and reducing its dependence on oil revenue.
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