A growth momentum in the non-oil sector is likely to be restrained by continued weakness in the oil sector.

Source: https://punchng.com/borrowing-costs-others-weaken-nigerias-fiscal-position-wbank/

As 2023 draws to a close, the People’s Progressive Party/Civic (PPP/C) Government has revealed that rice, one of the several non-oil economic sectors that have continued to grow, raked in over $45 billion in export earnings.

Source: https://guyanatimesgy.com/guyana-earns-45-2b-in-rice-exports-for-2023-as-production-increases-by-7/

Giving a breakdown of the non-oil performance, Yakusak said 1,172 exporters participated with Indorama-Eleme Fertilizer and Chemical Limited taking the lead with 23.25 per cent.

Source: https://punchng.com/non-oil-exports-rose-to-4-8bn-in-2022-nepc/

However, at N638.33 billion, non-oil receipts, was below the preceding month by 23.3 percent, and fell short of the monthly target by 19.1 percent.

Source: https://www.blueprint.ng/despite-revenue-increase-nigeria-posts-n530-8bn-budget-deficit-in-october/

It was pointed out by the energy brief that the billions of dollars in investments and expansions in Guyana’s oil and gas industry have boosted growth in the non-oil industry, including in agriculture, construction and manufacturing sectors.

Source: https://guyanatimesgy.com/oil-gas-sector-accounts-for-us700m-spent-annually-in-guyana/

Meanwhile, the non-oil economy recorded a growth of 11.5 percent for 2022.

Source: https://www.kaieteurnewsonline.com/2023/08/05/non-oil-economy-can-service-loan-repayments-jagdeo/

The project is aligned with the Kingdom’s Vision 2030, which aims to maximize the potential of the country’s non-oil sectors and bolster its role as a transit hub at the heart of the Middle East.

Source: https://mid-east.info/starlinks-to-launch-sar-100-million-hybrid-logistics-facility-in-riyadh/

There also exists avenues for investment and expansion in the non-oil extractives, such as gold, bauxite, agriculture, tourism and hospitality, ICT and energy, the Ministry of Finance said in a statement.

Source: https://www.kaieteurnewsonline.com/2023/01/25/jamaican-trade-delegation-on-second-visit-to-guyana/

The summit created the channel to discuss the challenges and explore the opportunities facing the non-oil export sector in Nigeria and discuss how to boost exports and diversify the economy.

Source: https://www.pulse.ng/business/domestic/providus-non-oil-export-summit-charting-the-path-to-thriving-non-oil-export-sector-in/jjeglbw

The visit also aimed to boost trade, and non-oil exports, and explore promising investment opportunities in these…

Source: https://biztoc.com/x/23a7e47734828345?ref=ff

“This would also serve as an opportunity to grow the non-oil and gas sector in Nigeria and create jobs in the country, and most importantly, we are reaching out to people at the grassroots level so they can know what we are doing.

Source: https://bizwatchnigeria.ng/united-kingdom-slashes-tariffs-on-nigerian-exports/?utm_source=rss&utm_medium=rss&utm_campaign=united-kingdom-slashes-tariffs-on-nigerian-exports

"Tinubu's government would have to devise ways to boost non-oil sectors of the economy, boost agriculture and support the manufacturing industries.

Source: https://www.legit.ng/business-economy/economy/1523039-what-tinubus-election-victory-means-business-community-nigeria/

Unfortunately, non-oil sectors such as agriculture, construction and trade, despite having a high employment potential, remain underinvested and often use unrecorded labor for seasonal short-term contracts.

Source: https://astanatimes.com/2023/09/breakthrough-agenda-president-tokayevs-bold-vision-for-kazakh-economy/

“We agreed during the short period of his office visit to sign a memorandum on a number of issues in addition to tax, non-oil revenue collection, and management.

Source: https://www.eyeradio.org/s-sudan-egypt-to-sign-mou-on-tax-capacity-building/