Speaking on the Non-Oil Export Performance for 2024, Ayeni credited the success to effective collaborations across various sectors, especially agriculture, solid minerals, and manufacturing. The growth was also fueled by an increase in the volume of agricultural commodities exported, with approximately 7.29 million metric tonnes of products being shipped out.
Ayeni noted that the volume of informal cross-border trade (ICBT) likely contributed even more to the export figure, though it remains unreported. Last year, a total of 246 distinct products were exported, including manufactured goods, industrial extracts, and agricultural commodities. The export process saw the involvement of 32 banks, with Zenith Bank leading by processing 39.03% of the total Nigeria Export Proceed (NXP) forms.
Ayeni encouraged other banks to support exporters by providing affordable finance, which she believes would stimulate value addition to Nigeria’s exports, enhancing their global competitiveness and increasing foreign exchange earnings. She emphasized the importance of adding value to export products to ensure proper pricing in the global market, further boosting Nigeria’s economic potential.
, Nonye Ayeni, has highlighted a significant achievement in Nigeria’s){kind=link}