Nigeria’s non-oil export sector experienced a 28.04% increase in 2023, with 6.685 million metric tonnes of non-oil products valued at $4.518 billion exported.
The Nigerian Export Promotion Council (NEPC) reported that 273 distinct non-oil products were exported in 2023, including semi-processed goods and raw agricultural commodities. Key exports included urea, cocoa beans, sesame seeds, soybeans, gold dore, cashew nuts, aluminum ingots, and hibiscus flowers.
These goods have strengthened foreign exchange inflows and helped to stabilize the naira by positioning Nigeria as a competitive player in international markets. The NEPC intends to focus on five overseas markets, assist ten of the leading exporters of each of the twenty priority items.
Speaking at the ceremony was Dr. Doris Uzoka-Anite, Minister of Industry, Trade, and Investment, who said that the nation has struck trade agreements with a number of nations to provide exporters with greater market access. The objective is to increase export capacity, draw in foreign investment, and resolve any issues that exporters might have.
