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Lagos Govt Targets $2.5bn Revenue From Non-oil Exports

Lagos Govt Targets $2.5bn Revenue From Non-oil Exports   Lagos State government is seeking increase in the nation’s revenue from non-oil exports put at $2.5 billion between January and June, this year. To this end, the government in January inaugurated an export committee aimed at re-invigorating broad...

Non-oil Exports Rises By 29% To N6.56bn

Non-oil Exports Rises By 29% To N6.56bn   Nigeria’s non-oil exports rose by 29 per cent, year-on-year, YoY, to $6.56 billion in ten months, reflecting the impact of Federal Government efforts to boost foreign exchange inflow from non-oil sources as well as favourable commodity prices in...

Nigeria’s Non-oil Exports Decline By 39%

Nigeria’s Non-oil Exports Decline By 39%   Nigeria’s non-oil exports have fallen by 39 per cent from N6.914tn to N4.194tn in10 years, according to an analysis of the National Bureau of Statistics’ Foreign Trade Statistics. Specifically, figures show that the N4.194tn non-oil exports recorded in 2021 is...

Fed Govt Disburses N50bn To Boost Non-oil Exports

Fed Govt Disburses N50bn To Boost Non-oil Exports   The Executive Director of the Nigerian Export Promotion Council, Dr Ezra Yakusak, has said the Federal Government has disbursed N50bn Export Development Fund to Micro, Small and Medium Enterprises and stakeholders within the export value chain to...

Non-oil Exports Rise By 205%, Hit N942bn In Five Years

Non-oil Exports Rise By 205%, Hit N942bn In Five Years     Nigeria’s non-oil exports rose from N458.6bn recorded between January and September 2017 to N1.4tn within the same period of 2021, according to an analysis of data from the National Bureau of Statistics. This means that within...

Fed Govt Suffers N5.8trn Revenue Shortfall From Non-oil Exports

Fed Govt Suffers N5.8trn Revenue Shortfall From Non-oil Exports             Within a three-year period covering December 2017 to December 2020, Nigeria generated a total sum of N6.5tn from non-oil exports, data from the National Bureau of Statistics have shown. This sum is N5.8tn lower than its N12.3tn...