The Executive Director and CEO of the Nigerian Export Promotion Council (NEPC), Mrs. Nonye Ayeni, announced a 6.26% increase in non-oil export revenue for the first half of 2024, totaling $2.7 billion.
Speaking at a press briefing in Abuja, Ayeni highlighted that 3.834 million metric tonnes of non-oil products were exported, with cocoa beans leading the list.
A total of 211 products, ranging from agricultural commodities to extractive industries, were exported during this period, showcasing growth in Nigeria's non-oil sector.
“Based on information received from Pre-shipment Inspection Agents (PIAs), of the top 15 products exported in the period in review, cocoa bean was the most exported commodity with 23.18 percent in percentage value, followed by urea/fertilizer which was 13.78 percent, and sesame seeds with 11.04 percent of the total exported non-oil products.”
Speaking further, Mrs Ayeni said that of the top 20 exporting companies in Nigeria, Indorama-Eleme Fertiliser and Chemicals Limited took the lead with $198.8m, while Starlink Global and Ideal Limited recorded the second-highest value of $184.7m for export of agricultural products and Outspan Nigeria Limited with $177.75m for export of cocoa.