​New measures to boost non-oil exports
The latest monthly Economic Report from the CBN puts non-oil exports provisionally at US$325m in October, indicating an increase of 190% from the preceding month but a 46% decline on a y/y basis. The largest proceeds came from minerals, which stood at US$126m. Although earnings from non-oil exports increased considerably from September, the value remains very low at approximately 1% of GDP; as such there is still significant room for improvement.
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