• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News Business

What Nigeria is doing to boost non-oil exports – NEPC

William Ukpe by William Ukpe
July 18, 2022
in Business
What Nigeria is doing to boost non-oil exports – NEPC

Ezra Yakusak

Share on FacebookShare on TwitterShare on Linkedin

The Nigerian Export Promotion Council (NEPC) has stated that recent developments in the global economy have made it clear why Nigeria must be dedicated to the exportation of its vast non-oil resources.

The NEPC stated that it has a strategy for boosting foreign exchange through the non-oil export policies for 22 major products that could generate up to $30 billion in foreign exchange within a period of five years, according to NAN.

This was disclosed on Monday by Dr. Ezra Yakusak, Executive Director/CEO of the NEPC at a five-day export promotion capacity-building programme to promote non-oil exports for Nigeria to meet its national and global economic demands.

RelatedStories

Nigerian Imports,Drugs

Nigeria’s non-oil exports reach $5.45bn in 2024 – NEPC

February 11, 2025
India to Become Nigeria’s Largest Export Corridor by 2030_ Report

Non-oil export hits $2.7 billion on rising demand for Made-in-Nigeria products 

September 3, 2024

What the NEPC is saying

Mr. Babatunde Falake, Director, International Export Office, NEPC, representing Yakusak said, “Recent developments in our national economy and indeed the global economy have made it clear to us that more emphasis should now be laid on the export of our vast resources if we must survive as a nation.

“It is unfortunate that Nigeria, having been blessed with resources in agriculture, solid minerals, entertainment industry, creative arts, Information and Communication Technology, fashion and of course manufacturing has continued to rely on the export of crude oil as the major source of foreign exchange.”

He added that the council developed its zero oil plan in response to the recession of 2016 following the crash in crude oil prices, citing that the scheme focuses on non-oil export policies for 22 major products that could generate up to $30 billion in foreign exchange within a period of five years.

“The 22 products include: cotton, petrochemicals, fertilizers, palm oil, rubber, cement, tomatoes, banana. Others are oranges, cashew, cassava, sesame, spices, ginger, shea butter and cowpea,’’ he said.

 “The Council recently launched the ‘Export 4 Survival’ campaign which is aimed at sensitising Nigerians from all walks of life to embrace non-oil export as a viable option for our economic growth and survival.

“The campaign is already making impact as the council with its activities is now in the limelight nationwide.

“A look at the various topics for discussion clearly demonstrates our readiness to equip the participants with the required knowledge and skills for successful export business and specially, to curtail the rejection of non-oil exports from Nigeria,’’ he added.

What you should know

  • Nairametrics reported last month that Nigeria exported merchandise worth N7.1 trillion in the first quarter of 2022, rising by 23.13% compared to N5.77 trillion recorded in the previous quarter; 137.88% higher than the N2.98 trillion recorded in the corresponding period of 2022.
  • Nigeria exported petroleum oil and oils obtained from bituminous minerals in crude form worth N5.62 trillion in Q1 2022. This represents about 79.16% of the country’s total exports in the period under review.
  • Nigeria exported N655.94 billion worth of natural gas in Q1 2022, a 14% increase compared to N573.85 billion recorded in Q4 2021, and accounting for 9.24% of the total exports.
  • Nigeria’s urea export increased marginally in Q1 2022 to N208.39 billion from N208.05 billion recorded in the previous quarter. The export of urea, whether in aqueous solution or not, accounted for 2.93% of the country’s total export in the period under review.

Follow us for Breaking News and Market Intelligence.
Tags: Dr. Ezra YakusakNEPC
William Ukpe

William Ukpe

For further inquiries about this article contact: Email: william.ukpe@nairametrics.com or outreach@nairametrics.com. Twitter: @_sirwilliam_ @nairametrics.

Related Posts

Nigerian Imports,Drugs
Business

Nigeria’s non-oil exports reach $5.45bn in 2024 – NEPC

February 11, 2025
India to Become Nigeria’s Largest Export Corridor by 2030_ Report
Economy

Non-oil export hits $2.7 billion on rising demand for Made-in-Nigeria products 

September 3, 2024
Sen. Kashim Shettima
Economy

FG announces plans to formalize 1 million businesses across Nigeria at discounted rate  

January 10, 2024
Naira, Dollar, FX
Currencies

Naira depreciation: NEPC says solution remains improved non-oil exports 

September 29, 2023
The office of the Presidency disclosed that President Bola Tinubu has approved the construction of 1,000 houses in Sokoto, Kebbi, Katsina, Zamfara, Kaduna, Niger and Benue States. 
Business News

FG, group partner to deliver intervention to 1.3 million MSMEs

September 12, 2023
UK tariff reduction of Nigerian exports will grow Nigerian exports to £14 billion - NEPC
Business

NEPC boosts non-oil exports with N308.45 billion promissory notes disbursed to 199 exporting companies

July 18, 2023
Next Post
Of visions, plan and budget

Kano government places ban on tricycle operations in the state

Comments 1

  1. Abiodun Akinkoye says:
    July 19, 2022 at 3:53 pm

    Good news. It is high time we shored up our foreign exchange reserves. Government should encourage exporters and ensure all measures are put in place for the success (effectiveness and efficiency) of the policy.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • Hawkish Fed, Israel–Iran conflict cage Bitcoin
  • Top 10 Nigerian states with highest food inflation in May 2025, Borno tops the chart 
  • Zenith Bank to exit CBN’s regulatory forbearance by 30th June, assures shareholders of continued dividend payout

Follow us on social media:

Recent News

Bitcoin

Hawkish Fed, Israel–Iran conflict cage Bitcoin

June 19, 2025
Food items,

Top 10 Nigerian states with highest food inflation in May 2025, Borno tops the chart 

June 19, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics