Executive Director/Chief Executive, Nigerian Export Promotion Council (NEPC), Nonye Ayeni, yesterday disclosed that $2.7 billion was generated from non-oil exports in the first half of the year (H1 2024).
The disclosure came as the latest Inflation Expectations Survey (IES) by Central Bank of Nigeria (CBN) for July 2024 revealed that businesses in Nigeria were slightly less pessimistic about the current inflationary trends than households.
Ayeni said the performance indicated an increase of 6.26 per cent compared to the $2.5 billion recorded in H1 2023.
The total volume of exports during the review period stood at 3.834 million metric tonnes. Addressing journalists at the presentation of the progress report on non-oil export performance for the first half-year 2024, in Abuja, Ayeni explained that 211 products were exported in H1, ranging from agricultural commodities to extractive industries.
She said the performance further showed that Nigerian products were gradually diversifying from traditional raw agriculture exports to semi-processed/manufactured products.
