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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

Written by: bossgmsi

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