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The Nigerian Export Promotion Council has disclosed that the value of Nigeria’s non-oil export revenue recorded a marginal decrease to $4.5bn in 2023,
The Executive Director of the Nigerian Export Promotion Council, Nonye Ayeni, revealed the figures while addressing the media on the performance report of the non-oil export sector for 2023.
The drop represents a $300m or 6.3 per cent decline from the $4.8bn revenue accrued to government coffers in 2022 and $500m less than the $5bn target set by the council for the year.
The reduced revenue followed years of improved receipts based on the government initiative to diversify the economy from oil exports
Parents of school students who were on the boat that capsized in a lake in India's Gujarat state have alleged that their children were "not given life jackets". At least 12 pupils and two teachers drowned in the incident, which took place on Thursday in Harni Lake in Vadodara city. Police have arrested two people in connection with the incident as Search operations are underway to find the remaining victims. […]
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