Home News $2.5bn non-oil exports proceeds recorded in 6 months – NEPC

$2.5bn non-oil exports proceeds recorded in 6 months – NEPC


The Nigerian Export Promotion Council (NEPC) says the country generated $2.5 billion from January to June 2023.

The Executive Director of the NEPC, Ezra Yakusak, disclosed this while speaking at a one-day workshop for emerging exporters, in Owerri, on Wednesday.

Yakusak, represented by the NEPC’s State Coordinator in Imo, Mr Anthony Ajuruchi, said that with the revenue milestone reached, the council can hope to surpass its 2022 revenue of $4.8 billion by the end of the 2023 fiscal year.

Speaking on the theme: “New Exporters; Panacea for Non-Oil Exports Growth, Yakusak advised newly registered exporters to learn from their experienced folks.

He urged successful exporters to share their experiences with new exporters so as to increase the number of players in non-oil export business in Imo and grow the economy of the state and Nigeria at large.

“This workshop is aimed at building the business morale of new exporters when they learn from existing, successful exporters so that we can increase the number of exporters in the state and Nigeria by extension.

“The more people venture into the export business, the more revenue for the state and the more growth of Nigeria’s Gross Domestic Product (GDP) and hopefully we will surpass the gains of the previous year,” he said.

Speaking, the Chief Executive Officer of Ivyl Foods, an export brand, Mrs Lilian Moses-Okoro, said she had successfully exported her products to Canada, USA, and the UK.

She advised the new exporters not to relent in their efforts to grow their products and to register their businesses with the NEPC so as to improve their brands and gain access to business intervention opportunities in the future.

Also, Adeola Ilechukwu of Cannif Trust Limited, said that according to statistics released by the Nigeria Catfish Association in 2021, the country was exporting 100 metric tonnes of catfish annually but has gradually begun to decline.

She urged exporters to seek ways to surmount their challenges, adding that the future of Nigeria’s economy depends largely on non-oil exports.

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