The country earned a total sum of $2.4bn (N472bn) from the exportation of cocoa, rubber, and other non-oil commodities within the 2014 fiscal period, figures obtained from the Nigerian Export Promotion Council have revealed.

The country’s export figure of $2.4bn for 2014, according to trade statistics from the NEPC, represents a decline of 19.19 per cent over the $2.97bn (N585bn) earned in the previous year.

A breakdown of the non-oil receipts of $2.4bn showed that cocoa exports with a total amount of $666.45m accounted for the highest non-oil export earnings, followed by raw hides, skins and leather with $487.97m.

Others are oil seeds, grains and plant/straw, amounting to $389.78m; aluminium, $113.35m; tobacco, $109.05m; tins, $96.32m; edible fruits and nuts, $75.24m; rubbers, $70.03m and footwear, $62.89m.

The rest are copper, $59.6m; fish and crustaceans, $55.68m; plastics, $54.63m; lead, $46.65m; nickel, $27.35m; cottons, yarns and woven, $21.87m.

In terms of country of destination, the NEPC document indicated that Netherlands, with a total amount of $456.96m, accounted for Nigeria’s highest non-oil export revenue.

Others are ECOWAS, $350.8m; Italy, $344.21m; Japan, $211.25m; India, $209.4m; Turkey, $116.8m; Spain, $102.2m; Germany, $100.97m; China, $86.3m; Vietnam, $85.4m and the United States, $81.6m.

Similarly, Nigeria’s total exports to South Korea stood at $74.2m in 2014; Hong Kong, $62.3m; Malaysia, $41.7m while Belgium, the United Kingdom and Canada stood at $39.6m, $39.5m and $29.7m, respectively.

The Chief Executive Officer, NEPC, Mr. Olusegun Awolowo, said the agency had been at the forefront of the diversification of the Nigerian economy, adding that this had been further reinforced by the recent decline in the price of crude oil in the global market.

While admitting that the drop in the price of oil had led to reductions in government revenue with pronounced negative effects on different sectors of the economy, he said that NEPC had identified 13 National Strategic Export Products to replace oil.

The 13 products are palm oil, cocoa, cashew, sugar, rice, iron ore, metals, aluminium, and auto parts.

Others are petroleum products, fertilizer/urea, petrochemicals and methanol.

He said, “The expectations we have is to explore the possibility of investing in priority areas that we have highlighted.

“We need to attract counterpart investments into priority areas by investors such as the agricultural sector. We need to fastback trade event information and we want to support capacity development for exporters.”

He said the potential of the 13 products, which cut across key sectors of the economy would be maximised through investments, capacity development, innovation and formidable partnerships.

vivypretty:
here to answer present

dunkem21:

Just here to look at your profile piss

PRYCE:
Another Buhari's Eco Policy paying off!








Sorry! I ain't a #MasturbatingMasturbater

IGBOSON1:


^^^Check the period in question again and tell me just who exactly should get the credit!

The country’s export figure of $2.4bn for 2014, according to trade statistics from the NEPC, represents a decline of 19.19 per cent over the $2.97bn (N585bn) earned in the previous year.

thekingsmen:
His achievements still speaking for him

All hail GOODLUCK EBElEMI JONATHAN..

IsraeliAIRFORCE:
Where is our gold exports?

Why have the government intentionally left it for Northerners and Osunites?

Heaven is watching


Why not allow Gov. Aregbesola use what his State has to develop the State.


OSOGBO—All is now set for the mining of the first gold in Ilesha, in the State of Osun as the Governor Rauf Aregbesola, signed a Memorandum of Understanding (MoU) with an Australian mining firm, Andalusian Mining Industry.

This came as the leader of the mining firm, Colin Miller, told the governor that his company would present the first raw gold to the people of the state before the end this year.

The signing ceremony took place at the Government House, Osogbo yesterday with a moderate ceremony with the governor in attendance.

The governor said the Australian mining firm had conducted a geological survey which confirmed that there was a huge deposit of gold in Ilesha.

Aregbesola said the discovery had presented the state with a wonderful opportunity to partner with Andalusian in the breakdown, exploration and mining of gold in the state.

He said the people and the state look forward to having maximum advantage of the mining firm’s presence in the state
The governor described gold mining in state as a major breakthrough to the government and a business opportunity for the state.

He said the government looked forward to speedy operation and intervention in the prospecting for gold before the end of the year.

The governor expressed hope that the state has joined the league of mining of non-oil mineral producing states in the country.

http://www.vanguardngr.com/2014/06/osuns-first-raw-gold-end-year/

Aareonakakanfo:

http://www.punchng.com/business/nigeria-earns-n472bn-from-cocoa-others/?utm_source=twitterfeed&utm_medium=twitter

vivypretty:
here to answer present