The Executive Secretary, Nigerian Export Promotion Council, Dr Ezra Yakusak has said Nigeria’s non oil export in the first quarter of 2022 hit 62.3 percent with the total value of 2.59 billion dollars.
Yakusak was speaking at the launch of the “Export for Survival’ campaign Organised by the Council in Abuja, Nigeria’s capital.
He said “the country has also recorded a shift of exports from raw agricultural products to semi processed and manufactured goods which translates to export of value added products.”
“We have also penetrated new markets with new products in our quest to earn foreign exchange.”
Mr Yakusak added that the campaign is a patriotic call on all Nigerians to realise the urgency of engaging in non-oil export trade as a viable means of economic growth, industrial development and boosting foreign exchange earnings.
Also speaking at the event, the Nigerian Minister of Industry, Trade and Investment Mr Adeniyi Adebayo called on practitioners in the non-oil export value chain to adhere to global best practices for acceptability and competitiveness of made in Nigeria goods in the international market.
Mr Adebayo stated that with the launch of the campaign, more activities would be seen to be taking place in the non-oil export ecosystem that would increase foreign exchange earnings into Nigeria.
“The official launch of this campaign today, is an official endorsement of the initiative to stimulate the consciousness of all Nigerians to the realities of our time that diversification of the productive base of the economy is key to employment generation, wealth creation and poverty reduction in our country,” the Minister said.
“The Export4Survival campaign should therefore be embraced by Stakeholders, the Business Community, Micro, Small and Medium Enterprises (MSMEs), Trade Associations, the Organised Private Sector (OPS) etc, as a brand that will be a game changer in the socio-economic space of our national development,” he added.
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