The Nigerian Export Promotion Council (NEPC) announced a significant milestone today, revealing a 20.79% increase in the nation’s non-oil exports for 2024. This impressive growth translates to a total of $5.456 billion, a substantial leap from the $4.5 billion recorded in 2023.
Speaking at a media briefing in Abuja, NEPC Executive Director Nonye Ayeni highlighted the growth as a testament to Nigeria’s commitment to reducing its dependence on crude oil. The surge was fueled by increased exports in agriculture, manufacturing, and solid minerals, with cocoa, sesame, cashew nuts, urea, and other manufactured goods among the top-performing products.
Ayeni credited the milestone to strategic government policies and enhanced collaboration with key agencies, ensuring a more competitive export environment despite global economic challenges.
She emphasized that the success reflects the positive impact of federal policies aimed at improving trade and boosting foreign exchange earnings.
