Business

NEPC reports $2.7bn in non-oil exports half year 2024

Published

2 years ago

August 29, 2024

483 Views

The Nigerian Export Promotion Council reported that non-oil exports generated $2.7bn in the first half of 2024, representing a 6.26 per cent increase from the $2.5bn recorded during the same period in 2023.

This was disclosed by the Executive Director/Chief Executive of NEPC, Nonye Ayeni, during a presentation of the progress report on non-oil export performance for H1 2024 in Abuja on Wednesday.

Ayeni stated that the total volume of exports during the review period was 3.834m metric tonnes, with 211 products exported, ranging from agricultural commodities to products from extractive industries.

She noted that the performance indicates that Nigerian products are gradually diversifying from traditional raw agriculture exports to semi-processed and manufactured goods.

She attributed the increase in export value to the successful transition of government in May 2023 and the policy initiatives under President Bola Tinubu’s Renewed Hope Agenda. Additionally, Ayeni highlighted the impact of the NEPC’s “Operation Double Your Exports” initiative, which she said has positively influenced the sector’s performance.

“In just six months, we have seen tangible results from our concerted efforts to expand Nigeria’s non-oil export base.

“I am optimistic that with the several export intervention programmes and projects we have started and are ongoing, complemented by the NEPC flagship campaign programme, ‘Operation Double Your Exports.

‘The sector is positioned to contribute immensely to the country’s Gross Domestic Product, increase the country’s foreign exchange earnings and thereby ensure sustainable economic growth, which aligns with the Renewed Hope Agenda of His Excellency, President Bola Ahmed Tinubu, for job creation, poverty alleviation, among others,” Ayeni stated.

She also emphasised the council’s commitment to collaborating with stakeholders to stimulate export growth. Reflecting on her tenure since October 2023.

“When I assumed office in October 2023, I and my management team resolved to reposition the non-oil export sector towards global competitiveness,” she said.

Ayeni also discussed the growing prominence of several exportable products, such as fresh vegetables, citrus peel, and sorghum, which are increasingly in demand in global markets.

Business

TCN improves Power Supply to Apapa corridors by additional 208MW

The upgrade replaces an outdoor transformer that had served as a stopgap after the original facility, commissioned in 1985, was decommissioned.

Published

12 hours ago

August 18, 2026

OCHEFA

16 Views

The Managing Director/Chief Executive Officer of the Transmission Company of Nigeria (TCN), Mr. Sule Ahmed Abdulaziz , says from now Apapa Causeway, Ijora, Amukoko, Ajegunle, Apapa Wharf, Tin Can Island and other major commercial areas, will be having improved power supply.

Abdulaziz made the declaration on Monday during the commission of Ijora and Apapa Road transmission substations in Lagos by additional 208MW .

The project is aimed at improving the volume and reliability of electricity available to distribution companies for onward supply to homes, businesses and industries.

Abdulaziz said that the projects, sponsored by the Japan International Cooperation Agency (JICA) and the World Bank respectively, in partnership with TCN, underscored the Federal Government’s commitment to modernising the transmission network and improving grid stability.

He commended the Ministry of Power, JICA, the Government of Japan, Lagos State Government and other stakeholders for supporting the projects, while appealing for additional grant assistance to upgrade other critical sections of the transmission network.

Speaking at the commissioning, Minister of Power, Mr. Joseph Tegbe, said that the projects were part of the Federal Government’s efforts to address longstanding transmission constraints and infrastructure decay that have limited the country’s ability to fully utilise available generation.

The upgrades increased the Ijora substation’s capacity by 112MW, from 90MVA to 230MVA, following the installation of two new 100MVA transformers.

At Apapa Road, a new Gas Insulated Substation (GIS) added another 96MW, raising the facility’s capacity from 60MVA to 180MVA.

The upgrade replaces an outdoor transformer that had served as a stopgap after the original facility, commissioned in 1985, was decommissioned.

Business

CBN’s Sidi-Ali wins 2026 overall Spokesperson of the Year Award, courtesy of NSA

Published

14 hours ago

August 18, 2026

OCHEFA

21 Views

•Mrs Hakama Sidi Ali.

The Ag. Director of Corporate Communications of the Central Bank of Nigeria (CBN), Mrs. Hakama Sidi-Ali, has won the 2026 edition of the National Spokespersons Award (NSA).

The recognition was announced during the 6th National Spokespersons Awards and the 4th Economic Confidential Annual Lecture, organised by Image Merchants Promotion Limited (IMPR), publishers of PRNigeria, Economic Confidential and Spokespersons Digest, held in Abuja, recently.

The organisers stated: “With the latest honour, Sidi-Ali completed an unprecedented hat-trick at the National Spokespersons Awards, becoming the first communications professional to progress from winning a sector-specific award twice consecutively to claiming the overall Spokesperson of the Year title.