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Nigeria earns N240bn from non-oil exports in six months

Published date:
Thursday, 01 December 2011

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.

He said the agency’s efforts were specifically channelLed towards making every Nigerian conscious of the nation’s non-oil export potential, as well as drive the increased activities as a key to diversifying the nation’s productive base.

Adulugba lamented the inability of entrepreneurs to maximise the benefits of African Growth and Opportunity Act (AGOA), 11 years after it was signed into law.

According to him, market access to the United States was not the only problem militating against African exports to the country, but also lack of infrastructure.

Hi words: “At the 10th AGOA forum in the US, it was agreed that market access to the United States was not only the problem militating against African exporters to the US, but lack of infrastructure.

“It is anticipated that future AGOA policies will address problems of production costs, weak transportation, infrastructure, among others, to stimulate growth in sub-Sahara African countries including Nigeria.

“Part of the strategy we intend to sell to the Federal Government is to propose a special incentive package for the over 500 trainees who graduated from the Human Capital Development Centre (HCDC). Such incentive package, will among other things, aim at establishing businesses for the trainees, creating jobs for our teaming school leavers, and generally elevating our standard of living”.

“However, part of the strategy we intend to sell to the government is to propose a special incentive package for the over 500 trainees who graduated from the Human Capital Development Centre aim at establishing businesses for the trainees, creating jobs for our teeming school leavers and elevating our standard of living.

“The Council has outsourced the management of the centre to a consultant in line with the government policy on Public Private Partnership (PPP). I believe that when the centre becomes operational, it will not only enhance export competiveness for apparel exports, but also help in empowering our teeming unemployed youth through skills acquisition, wealth and job creation as well as poverty alleviation.

“The Council’s partnership with Organised Private Sector (OPS), among other multi-lateral institutions, has yielded significant results. Only recently, the council in partnership with American International Chamber of Commerce held a business forum and non-oil export trade show in Atlanta, US, while an investment conference and trade mission was held in the United Kingdom in collaboration with the Nigeria- British Chamber of Commerce.

“This outing did not only generate better awareness on Nigeria’s market potential, it helped to enhance the image of the country. This has also helped to reposition the sector for better performance.”



“ Latest AGOA Trade Data currently available on AGOA.info


Click here to view a sector profile of Nigeria's bilateral trade with the United States, disaggregated by total exports and imports, AGOA exports and GSP exports.


Other regularly updated trade statistics on AGOA.info include: (click each link to view)

  • AGOA-Beneficiary Countries’ AGOA and GSP Trade Aggregates

  • AGOA Trade by Industry Sector

  • Apparel Trade under AGOA’s Wearing Apparel Provisions

  • Latest Apparel Quotas under AGOA

  • Bilateral Trade Data for all AGOA-eligible countries individually.



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