Nigeria’s non-oil export earnings decreased marginally to $4.5 billion in 2023.
Nonye Ayeni, Executive Director of the Nigerian Export Promotion Council, released the data during a media briefing on the non-oil export sector’s performance report for 2023.
This is a $300 million, or 6.3%, dip from the $4.8 billion in revenue accrued to government coffers for 2022.
Nonye ascribed the fall to a variety of factors, including a weak currency rate, an increase in informal commerce, political instability in adjacent countries, and export rejections, among others.
She said, “In 2022, there was a $4.8 billion in terms of value. And in 2023, there was a marginal decline to $4.5bn.
“Reasons for the decline are not far-fetched. They include export rejects, which we are already working on. We talked about the election and the new government that came in.
“Also, political issues in neighboring countries like Niger Republic. A lot of our products go to the West African countries and we see what’s happening in terms of political issues, instability among the neighboring countries, and generally economic recession, and then exchange rate.”
Nonye further highlighted an increase in the volume of trade and export products, adding that 273 different products were exported of which urea, cocoa beans, cashew nut/kernels, sesame seed, and soya beans/meal were top on the list.
“In 2023, there were 6.68, million metric tons in terms of volume that was exported.
“And then if you look at the number of products increased by 273. So holistically, it’s really not a decline,” she added.
The reduced non-oil export revenue followed years of improved receipts based on the government initiative to diversify the economy from oil exports. Despite these efforts, the target to further grow the country’s non-oil exports has suffered several economic downturns.
![Rev. Fr. Anthony Odiong, a US-based Nigerian Louisiana Catholic priest, was arrested in Florida on Tuesday for possessing child pornography, according to law authorities. The suspect is reportedly accused of many other cases of sexual assault. The Waco, Texas, Police Department announced in a Facebook post on Tuesday that officers detained Father Anthony Odiong in Ave Maria, Florida, with assistance from the United States Marshals Service. Waco police announced in March that they had received "credible information" about a sexual assault allegedly committed by Odiong in Texas in 2012. “During the subsequent investigation, a case of possession of child pornography was uncovered,” the police said. The priest was apprehended in Florida by the Caribbean Regional Fugitive Task Force. The Waco Police Department said that he will be extradited to Texas. Odiong had previously served in the Archdiocese of New Orleans before being removed as priest in December of last year due to controversy over homilies in which he claimed, among other things, that the Catholic Church was being taken over by "the gays." At the time, the priest was also accused of abusive behaviour; a Louisiana lady claimed in U.S. bankruptcy court that Odiong had committed both financial and sexual abuse against her. Prior to joining the New Orleans Archdiocese, Odiong served in at least two Texas parishes. On Tuesday, Waco police stated that during their sexual assault investigation, "the presence of other survivors was revealed." “Multiple women have come forward to tell similar experiences as the sexual assault survivor who reported the initial allegation,” the police department said. “Survivors’ experiences ranged from sexual assault and indecent assault, more commonly recognised as groping, and financial abuse, with some survivors experiencing every element of Anthony Odiong’s manipulation.” The police said they “believe there may be more survivors, and we wish to speak with anyone who [has] had similar encounters” with the priest. The Archdiocese of New Orleans issued a brief news release on Tuesday noting Odiong's arrest in Florida. The archdiocese “encourages anyone with any information to contact law enforcement,” the release said.](https://chronicle.ng/wp-content/uploads/2024/08/ezgif-6-4730550ede-450x300.jpg "Odiong: US-based Nigerian Catholic priest convicted over sexual assault")
