Apapa Port has reported a remarkable 25% increase in non-oil export cargoes during the first half of 2024, reflecting Nigeria's ongoing efforts to diversify its economy away from oil dependency.
This growth is attributed to enhanced operational efficiencies and improved trade facilitation measures implemented by the Nigerian Customs Service. As the country seeks to bolster its non-oil export sector, this increase signifies a positive trend towards greater economic resilience and sustainability.
Citations:
[1] https://www.apmterminals.com/en/news/news-releases/2024/240619-exports-forum-highlights-opportunities-for-nigerian-non-oil-exports
[2] https://www.thisdaylive.com/index.php/2024/07/09/customs-apapa-area-command-generates-over-n1tn-in-first-half-2024/
[3] https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/publications/aer/2023/en/06_Chapter_01.pdf
[4] https://nairametrics.com/2024/06/09/nigerias-trade-surplus-hits-new-high-of-n6-52-trillion-in-q1-2024/
[5] https://nairametrics.com/2024/09/13/top-10-most-exported-products-from-nigeria-in-q2-2024/
[6] https://nairametrics.com/2024/03/11/macro-updates-nigeria-falls-short-of-net-exports-despite-record-monthly-trade-surplus/
[7] https://www.pwc.com/ng/en/assets/pdf/unlocking-ngr-agric-export.pdf
[8] https://www.trade.gov/country-commercial-guides/nigeria-agriculture-sector