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