By Godfrey Bivbere
Export through Apapa port rose by 8,525 per cent in the half year 2022, HI’22, when compared to the same period last year, HI’21.
While rendering the performance of his Command, Friday, the Customs Area Controller, CAC of Apapa Area 1 Command of the Nigeria Customs Service, NCS, Malanta Yusuf, said that the Free-On-Board, FOB, of export for first half 2022 was $138 million (N6.21 billion) compared to $1.6 million (N720 million) in the same period last year.
The Apapa Customs boss attributed the increase in export to the Federal Government’s export policy.
According to him, “In line with the Federal government efforts to diversify the economy through non-oil export, the command recorded a boom in the exportation of non-oil commodities with about 2.5 million metric tonnes, above the five hundred and forty thousand (540) metric tonnes in the year 2021.
The Free on Board (FOB) value for the exported items also rose from $1.6 million in the year 2021 to $138 million in 2022. Items exported include steel bars, agricultural and mineral products amongst others.
“The Federal Government policy and export incentive schemes have played vital roles in boosting export trade in Nigeria,” he noted.
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