In the first quarter of 2021 Nigerias non-oil exports reached a record high of $1.7 billion indicating a significant increase from the previous year. This growth can be attributed to the countrys efforts to diversify its economy away from its heavy dependence on oil exports. Agricultural products such as sesame seeds cocoa and cashew nuts were the top non-oil exports followed by manufactured goods like textiles and leather products. This positive trend is a promising sign for Nigerias economy as it shows potential for sustainable growth and reduced reliance on oil revenues. However challenges such as infrastructure and trade barriers still need to be addressed to further boost non-oil exports.

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Link to Original Story: https://dailytrust.com/nigerias-non-oil-exports-hit-1-7bn-in-q1/