Non-oil export drops by 9%, says NEPC

The Nigerian Export Promotion Council (NEPC) has said that a 9 percent decline from $2.970 billion to 2.714 billion was recorded in the country’s non-oil export between 2013 and 2014.

Meanwhile, with the dwindling oil revenue coupled with the quest to increase the basket of exportable products from Nigeria, the council has concluded plans to launch the One State One Product (OSOP) initiative targeted at developing and promoting one product for export per state.

To this end, the council has identified 13 National Strategic Export Products (NSEPs) that will replace oil as part of diversification of the economy using the Nigerian Industrial Revolution Plan (NIRP) and the Nigerian Enterprise Development Programme (NEDEP) as key strategies.

The NSEPs are grouped under three categories Agro-industrial (Palm oil, Cocoa, Cashew, Sugar, Rice); Mining related products (Cement, Iron ore, Metals, Auto parts/cars, Aluminium); Oil and Gas industrial products (Petroleum products, Fertilizer/Urea, Petrochemical and Methanol).

Speaking at a two-day capacity building programme for State Committees on Export Promotion and City Chambers of Commerce and Industries in all States of the Federation with the theme: “Techniques of Non Oil Export Project Formulation and Implementation,” Executive Director of NEPC, Olusegun Awolowo, said that Nigeria’s exports are still dominated by oil while its non-oil exports are dominated by Agriculture.

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