The Nigeria Export Promotion Council (NEPC) has disclosed that Nigeria generated the sum of $2.539 billion as non-oil exports in the first half of the year.
Executive Director of NEPC, Dr Yakusak Ezra, disclosed this in Abuja, during the presentation of the first half-year progress report on the non-oil export performance for 2023.
He revealed that Indorama-Eleme Fertiliser and Chemical Ltd led with 282,553,286.15 million dollars in value terms, while Dangote Fertiliser Ltd recorded the second-highest value of 199,871,962.29 dollars, as the sector recorded a drop in value of export in the first half-year of 2023 due to the general elections and changes in global economic conditions.
Ezra further stated that the non-oil export returns from the various pre-shipment inspection agents showed that 3,944,344.17 metric tonnes of products worth 2.539 billion dollars were exported between January and June 2023, adding that the figure was against the sum of 2.593 billion dollars for the corresponding period of 2022, dipping by 0.09%.
“From these figures, it is apparent that a slight decrease of 0.09 per cent was recorded in the period under review. “The reasons for this slight decrease could be attributed to but not limited to the general election that was held in February/March 2023 and subsequent transition in government which might have likely affected economic activities.
“Also changes in global economic conditions such as the slowdown in global demand or decline in commodity prices which might have negatively impacted non-oil export performance,’’ he added.
