Nigeria Earns N240b from Non-oil Exports in Six Months

“NIGERIA’S non-oil export earnings between January and June this year was $1.5 billion (N240 billion), the Nigerian Export Promotion Council (NEPC), has disclosed.

The earnings were from the exportation of cocoa; sheep and goat skins leather; sesame seeds and oil; rubber; plastics; cotton yarns and woven fabrics; aluminium; cashew nuts and edible fruits; gum arabics; tobacco products; prawns; shrimps; fish and crustaceans and others.

In the non-oil export statistics presented by the Managing Director and Chief Executive of the council, David Adulugba, at a press conference, he said the various products’ sectors have contributed significantly to the country’s non-oil export earnings.

According to him, cocoa and cocoa preparation contributed $533.4 million to the country’s non-oil export earning in the period under review, sheep, goat skin and leather, $247.2 million; sesame seeds and oil, $104.4 million; rubber, $148.4 million; and plastics, polybags and plastics, $41.7 million.

Others are cotton yarns and woven fabrics, $60.7 million, aluminium and articles, $42 million; cashew nuts and edible fruits, $44.7 million, gum Arabic, $16 million; tobacco products, $35 million, prawns, shrimps, fish and crustaceans, $25.6 million, while other products accounted for $196.3 million. . .” – Full Story on The Nation.

Photocredit: 234Next

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