Nigeria’s non-oil exports reached $3.225 billion in the first half of 2025, reflecting a 19.59% increase compared to $2.696 billion recorded in the same period of 2024. The Executive Director/Chief Executive Officer of the Nigerian Export Promotion Council (NEPC), Nonye Ayeni, made the announcement in Abuja on Sunday while presenting the council’s First Half-Year Progress Report.
Ayeni highlighted that the shipment volume also recorded growth, rising to 4.04 million metric tonnes from 3.83 million metric tonnes in H1 2024. This expansion was largely driven by strong global demand for Nigerian products, particularly from emerging markets such as India, Brazil, Vietnam, and other African nations.
The NEPC chief noted that the performance report offered a comprehensive view of the sector’s achievements, challenges, and growth opportunities as the year progresses. She emphasized that the non-oil sector continues to show resilience and potential for greater contributions to Nigeria’s economy amid efforts to diversify away from oil dependency.
In the first quarter of 2025 alone, non-oil exports were valued at $1.791 billion, representing a 24.75% rise compared to $1.436 billion in Q1 2024. Shipment volumes during the same quarter climbed to 2.416 million metric tonnes, marking a 24.3% increase from the 1.937 million metric tonnes recorded in the corresponding period last year.
The NEPC’s half-year report underscores Nigeria’s strengthening position in global trade through its non-oil exports, supported by expanding international markets and consistent shipment growth. The council expressed optimism that with sustained policy support, infrastructure development, and market expansion strategies, the non-oil export sector could post even stronger results by year-end.
Source: Punch