Nigeria’s non-oil export trade grew from $2.210 billion in 2020 to $4.517 billion in 2023 despite a number of obstacles affecting the country’s economy.
This was said over the weekend by Dr. Osas Omorogbe, Coordinator of the Nigeria Export Promotion Council (NEPC) (Cross River State Coordinating Office), at a training program for 100 exporters held in Calabar.
The Nigerian Export Promotion Council organized the event with the goal of giving recently hired exporters knowledge of the fundamentals of export trade so that industry participants may turn a profit.
Omorogbe stated as follows: “Despite the several obstacles impacting the economy, Nigeria’s non-oil exports have increased from $2.210 billion in 2020 to $4.517 billion in 2023.
“But the Naira’s ongoing depreciation versus other currencies shows how desperately the nation needs to earn more foreign exchange.”
“The Nigerian Export Promotion Council has doubled its campaign and activities to increase export activities in the country based on the aforementioned information.”
The coordinator expressed gratitude to Nonye Ayeni, the recently appointed executive director/CEO of the Nigerian Export Promotion Council, for starting the “Operation Double your Exports” campaign, which has the potential to significantly improve the financial situation of industry participants.
Going on, “Therefore, the goal of this sensitization workshop is to spark interest and increase the ability of the Council’s recently established businesses and cooperatives to take concrete actions toward entering the export market.”
When opening the training session, state commissioner for commerce Dr. Abigail Duke said that there are no short cuts in the industry when it comes to export trade and urged exporters to take advantage of state government initiatives to increase export trade.