Nigeria earns $12.5bn from export
Nigeria has realised $12.5 billion (N4.75 trillion) from export revenue between 2016 and 2019 at the nation’s seaports.
The revenue grew by 86.24 percent in the last four years from non-oil exports. In 2016, the country realised N344 billion; 2017, N629 billion; 2018, N1.1 trillion and 2019, N2.5 trillion.
Findings by New Telegraph revealed that between 2016 and 2017, the non-export revenue was raised by 45.32 percent from N344 billion to N629 billion, while in 2018 and 2019, the revenue grew by 56 percent from N1.1 trillion to N2.5 trillion.
To further boost Federal Government's revenue from non-oil exports, Nigerian Shippers' Council (NSC) said it had assisted exporters in facilitating the movement of 800 trucks of export cargoes that were stranded at Nigerian port terminals for several weeks since the outbreak of coronavirus in the country…
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