Nigeria Non-Oil Exports Hit N12.36 Trillion in 2025 as Economy Diversifies Beyond Crude
Nigeria’s non-oil exports reached N12.36 trillion in 2025, marking a significant milestone in the country’s effort to diversify its economy beyond crude oil. The latest Foreign Trade in Goods Statistics released by the National Bureau of Statistics (NBS) shows that exports outside the oil sector increased sharply from N9.09 trillion in 2024, reflecting stronger activity across multiple industries.
The data highlights a growing shift in Nigeria’s export structure as policymakers push to reduce the country’s long-standing reliance on oil revenue. Agriculture, manufacturing, and mineral resources have increasingly contributed to export earnings, signaling a gradual transformation in the country’s trade landscape.
In recent years, Nigeria’s non-oil exports have experienced fluctuations before staging a strong rebound. Export values stood at N3.14 trillion in 2022, declined to N2.56 trillion in 2023, then jumped to N9.09 trillion in 2024 before climbing further to N12.36 trillion in 2025. The steady recovery suggests that new trade policies, improved export capacity, and currency adjustments are helping local industries compete more effectively in global markets.
Monthly export data also points to consistent performance throughout 2025, with several months crossing the N1 trillion mark. January and July each recorded N1.23 trillion, while April posted N1.22 trillion, followed by N1.11 trillion in December and N1.07 trillion in November. Other months such as February, March, June, and October maintained strong activity with export values ranging between N875 billion and N975 billion, showing stable momentum across the year.
A closer look at the export mix shows that mineral products dominated non-oil export earnings, while sectors such as processed food, chemicals, vegetable products, and manufactured goods also contributed significantly. Vehicles and aircraft parts generated N1.10 trillion, while base metals, plastics, machinery, textiles, leather, and other manufactured items added billions more. Analysts say the surge in exports has been partly supported by the naira’s depreciation since mid-2023, which made Nigerian products more competitively priced in global markets and boosted demand for locally produced goods.