Export trade intervention fetched N3.9bn in 2017 H4 — NSC

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7 years ago

The Executive Secretary of the Nigerian Shippers Council (NSC), Hassan Bello

The Nigerian Shippers’ Council (NSC) has said that the nation recorded N3.9 billion in the last quarter of 2017 as a result of its intervention in exportation of Nigerian commodities.

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The council said that the figure was obtained from the National Bureau of Statistics (NBS) in its recent analysis.

The Executive Secretary of the Council, Hassan Bello said this at a maritime event held recently, adding that export trade recorded zero rejection in the same year despite increase in trade.

Bello, who was represented at the event by the Director, Special Duty, NSC, Mr Ignatius Nweke, pointed out that the recorded value of the fourth quarter of 2017 grew by 9.35 per cent over third quarter of same year and 31.27 per cent increase over same period in the previous year.

He added that agricultural exports grew in value by 54.9 per cent in fourth quarter of 2017 amounting to N44.7 billion compared to N16.5 billion in the same period in 2016.

Raw materials in fourth quarter in 2017 were 71.7 per cent more in value than fourth quarter of 2916.

Solid minerals, manufactured goods exports recorded N309.25 billion in fourth quarter of 2017 while crude oil and other oil products grew over the 2016 export figure by 57.6 per cent and 57.75 per cent respectively.

According to him, the increase recorded was made possible by the intervention of the Council in promoting export trade.

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