Sunday, April 28, 2024

Nigeria exported 214 products in 2022: NEPC

Mr Yakusak said that Nigeria exported that number of products due to value addition and good packaging.

• April 5, 2023
Executive Director of NEPC, Dr Ezra Yakusak
Executive Director of NEPC, Dr Ezra Yakusak

The Nigerian Export Promotion Council (NEPC) said that Nigeria exported a total of 214 products in 2022.

The Executive Director of NEPC/CEO, Dr Ezra Yakusak, said this at the Commerce and Industry Correspondents Association of Nigeria (CICAN) conference on Wednesday in Abuja.

The conference has as its theme: “The Role of the Non-Oil Sector Toward Economic Diversification, Gross Domestic Product (GDP) Growth”.

Mr Yakusak said that Nigeria exported that number of products due to value addition and good packaging.

The NEPC boss emphasised that proper packaging and value addition were critical toward optimising the value of any product.

He said that adding value to produce and ensuring proper packaging would guarantee acceptability in the world market.

Mr Yakusak attributed the low value of agricultural produce from Nigeria in the international market to the raw state in which they are exported without processing and packaging to attract more financial value for them.

According to him, exporters will earn more revenue from their produce if they add more value to it.

“Nigeria is so blessed, we have so many products in this country that you will be amazed,’’ he said.

Mr Yakusak said that the volume of products exported in 2022  was prompting NEPC to create a programme “Export 774’’ with a view to identifying exportable products in the 774 local government areas in Nigeria.

“We just realised that people are not aware of the products we have.

“We informed the world that we exported 214 products in 2022 and people were surprised that we had such products and we exported that much.

“So, because of that at NEPC, the management has agreed to inaugurate a programme called “Export 774’’.

“The Export 774 is targeted at identifying the products in all the 774 local governments of Nigeria.

“We identify them, we identify their potential and of course the specific places where they are cited.

“We will put them in a kind of compendium to compare two of those products before they are exported.

“Export 774 is one of the projects we are going to execute this year,’’ Yakusak said.

Earlier, Ifeanyi Onuba, the Chairman of CICAN, expressed the association’s optimism about the growth of Nigeria’s economy through non-oil exports.

According to Mr Onuba, recent developments have shown that the Federal Government’s drive for economic diversification from the oil to the non-oil sectors, given the volatile nature of crude oil prices, is yielding the desired results.

“We must support non-oil exports to boost the economy in the light of present economic realities.

“Nigeria must move beyond oil and export of raw commodities and build a vibrant manufacturing sector capable of exporting finished goods that could boost the nation’s foreign exchange earnings,” Mr Onuba said.

He said that expanding the country’s non-oil export remained a matter of strategic economic importance requiring continual intervention.

“And CICAN will continue to put the issue on the front burner of public discourse,” Mr Onuba said. 

(NAN)

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

Katsina State

Politics

Katsina youths pledge to deliver over 2 million votes to Atiku

“Katsina State is Atiku’s political base because it is his second home.”

auto crash

States

19 burnt to death in Kogi auto crash:  FRSC

He stated that it took operatives of the FRSC, battling through the accompanying inferno, three hours to rescue two surviving victims of the crash.

Kidnappers

States

Police kill suspected kidnapper, rescue two victims in Delta

He said the police, Abraka (Delta), vigilantes and a hunters group raided the hideout of the kidnap gang following credible information received by the police.

PDP logo

Politics

Nigerians love PDP; moles, betrayers destroying party, says Benue ex-governor 

Mr Suswam, aspiring to be the party’s national chairman, said the PDP has a clear chance of reclaiming power.

Tottenham Hotspur vs Arsenal

Sport

EPL: Arsenal overcome Tottenham’s late scare to secure crucial points in title race 

Arsenal took the lead 15 minutes into the match, courtesy of Pierre-Emile Højbjerg’s own goal.

PDP

Politics

LG Polls: PDP wins all 33 chairmanship positions in Oyo

The Peoples Democratic Party (PDP) has won the chairmanship seats in all 33 local governments in Oyo State following Saturday’s council elections.

Economic Commission for Africa

Africa

ECA urges youths to raise their voices in shaping Africa’s development

The ECA boss said about 70 per cent of the population in Africa are young people and that by 2030, 42 per cent of the global youth will be from the continent.