{"id":241676,"date":"2023-01-15T07:35:34","date_gmt":"2023-01-15T06:35:34","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=241676"},"modified":"2023-01-15T07:35:34","modified_gmt":"2023-01-15T06:35:34","slug":"nepc-non-oil-exports-revenue-hit-4-82bn-in-2022-up-by-40","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2023\/01\/15\/nepc-non-oil-exports-revenue-hit-4-82bn-in-2022-up-by-40\/","title":{"rendered":"NEPC: Non-oil exports revenue hit $4.82bn in 2022 \u2014 up by 40%"},"content":{"rendered":"<p>The Nigerian Export Promotion Council (NEPC) has disclosed that Nigeria recorded non-oil export earnings of $4.82 billion in 2022.<\/p>\n<p>This was made known by\u00a0<span class=\"acssf62a8\">Ezra Yakusak, executive director\/chief executive officer (CEO), NEPC while presenting the 2022 non-oil export performance to journalists in Abuja on Friday.\u00a0<\/span><\/p>\n<p><span class=\"acssf62a8\">\u00a0<\/span><span class=\"acssf62a8\">Yakusak said the figure represented a 39.91 percent increase compared to 2021 when non-oil exports totalled $3.45 billion.<\/span><\/p>\n<p><span class=\"acssf62a8\">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.<\/span><\/p>\n<p><span class=\"acssf62a8\">Yakusak said it was the best yearly result since the NEPC was established 47 years ago.<\/span><\/p>\n<p><span class=\"acssf62a8\">He said the latest results lend credence to the fact that various export intervention programmes initiated and implemented by the council and other sister <a href=\"https:\/\/www.withinnigeria.com\/news\/2022\/11\/08\/i-wont-be-railroaded-to-attend-debates-tinubu-replies-atiku-obi-campaign-organisations\/\">organisations<\/a> gradually yielded desirable results throughout the year under consideration.<\/span><\/p>\n<p><span class=\"acssf62a8\">\u201cAbout 214 different products ranging from manufactured, semi-processed, solid minerals to raw agricultural products were exported in 2022,\u201d he said.<\/span><\/p>\n<p><span class=\"acssf62a8\">\u201cOf these products exported, urea\/fertiliser topped the list with 32.87 percent.<\/span><\/p>\n<p><span class=\"acssf62a8\">\u201cThe 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\u2019s urea\/fertiliser to thrive.<\/span><\/p>\n<p><span class=\"acssf62a8\">\u201cIt is worthy to note that our products were exported to 122 countries with Brazil recording the highest import value of 12.27 percent.\u201d\u00a0<\/span><\/p>\n<p><span class=\"acssf62a8\">Yakusak provided a breakdown of non-oil performance, saying 1,172 exporters participated, with Indorama-Eleme Fertilizer and Chemical Limited leading with 23.25 percent.\u00a0<\/span><\/p>\n<p><span class=\"acssf62a8\">\u201cThirty-one issuing banks participated with Zenith Bank PLC processing the highest NXP values, 19 exit points were used with Apapa Port recording the highest tonnage,\u201d he said.\u00a0<\/span><\/p>\n<p><span class=\"acssf62a8\">\u201cThe month of December recorded the highest export value of 10.37 percent.\u201d\u00a0<\/span><\/p>\n<p><span class=\"acssf62a8\">However, Yakusak noted that no African\/Economic Community of West African States (ECOWAS) country was among the top ten importers of Nigerian products.<\/span><\/p>\n<p><span class=\"acssf62a8\">\u201cWe at the NEPC are working assiduously to change that trajectory, particularly in the wake of the Africa Continental Free Trade Area (AfCTA),\u201d he said.<\/span><\/p>\n<p><span class=\"acssf62a8\">\u201cThe 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.<\/span><\/p>\n<p><span class=\"acssf62a8\">\u201cPut differently, there is the need to increase intra-African trade given the huge opportunities and benefits therein.\u201d\u00a0<\/span><\/p>\n<p><span class=\"acssf62a8\">Yakusak added that non-oil exports of Nigerian products are gradually diversifying from traditional agricultural exports to semi-processed\/manufactured goods.<\/span><\/p>\n<p><span class=\"acssf62a8\">\u201cThis is buttressed by the fact that out of the product group exported, agricultural products topped with 30.12 percent,\u201d he said.<\/span><\/p>\n<p><span class=\"acssf62a8\">\u201cSemi-processed\/manufactured products 36.61 percent and precious stones 17.06 per cent and others 13.21 percent.\u201d<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Nigerian Export Promotion Council (NEPC) has disclosed that Nigeria recorded non-oil export earnings of $4.82 billion in 2022. This was made known by\u00a0Ezra Yakusak, executive director\/chief executive officer (CEO), NEPC while presenting the 2022 non-oil export performance to journalists in Abuja on Friday.\u00a0 \u00a0Yakusak said the figure represented a 39.91 percent increase compared to [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":241678,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":{"source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"custom","single_blog_custom":"211693","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"single-left","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"floatbottom","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"1","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"0","post_reading_time_wpm":"300","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"1","show_popup_post":"0","number_popup_post":"1","show_author_box":"0","show_post_related":"0","show_inline_post_related":"1"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored by","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo_enable":"0","sponsored_post_logo":"","sponsored_post_desc":"","disable_ad":"0"},"jnews_primary_category":{"id":"","hide":""},"jnews_override_bookmark_settings":{"override_bookmark_button":"0","override_show_bookmark_button":"0"},"jnews_override_counter":{"override_view_counter":"0","view_counter_number":"0","override_share_counter":"0","share_counter_number":"0","override_like_counter":"0","like_counter_number":"0","override_dislike_counter":"0","dislike_counter_number":"0"},"footnotes":""},"categories":[16587],"tags":[36198,3292,55079,31016],"class_list":["post-241676","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-fertilizer","tag-nigerian-export-promotion-council","tag-non-oil-export-earnings","tag-russia-ukraine-war"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>NEPC: Non-oil exports revenue hit $4.82bn in 2022 \u2014 up by 40%<\/title>\n<meta name=\"description\" content=\"The Nigerian Export Promotion Council (NEPC) has disclosed that Nigeria recorded non-oil export earnings of $4.82 billion in 2022.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.withinnigeria.com\/news\/2023\/01\/15\/nepc-non-oil-exports-revenue-hit-4-82bn-in-2022-up-by-40\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NEPC: Non-oil exports revenue hit $4.82bn in 2022 \u2014 up by 40%\" \/>\n<meta property=\"og:description\" content=\"The Nigerian Export Promotion Council (NEPC) has disclosed that Nigeria recorded non-oil export earnings of $4.82 billion in 2022. 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