Business
Non-oil exports revenue rises to $6.1bn in 2025—NEPC
Nigeria’s non-oil export sector achieved significant growth in 2025, reaching a total value of $6.1 billion.
This marks an 11.5% increase from the $5.4 billion recorded in 2024, highlighting the country’s continued progress in diversifying its economy away from oil dependence.
The figures were disclosed by the Executive Director and CEO of the Nigerian Export Promotion Council (NEPC), Nonye Ayeni, during her annual progress report and 2026 export outlook briefing in Abuja on Monday.
The milestone reflects both increased export volumes and expanding market access for Nigerian products, signaling stronger integration into global trade networks.
Data from pre-shipment inspection agencies, as cited by NEPC, confirm the record-breaking performance in the non-oil export sector.
“The non-oil export sector rose to approximately 6.1 billion U.S. dollars, representing a year-on-year growth of about 11.5 per cent over and above the 5.4 billion U.S. dollars recorded in 2024,” Ayeni said.
She added that this represents the highest value ever recorded for Nigeria’s formal non-oil exports since the NEPC was established nearly 50 years ago, surpassing last year’s record.
The NEPC boss added that the increase also reflects growth in export volumes, with total non-oil exports reaching 8.02 million metric tonnes in 2025, compared with 7.29 million metric tonnes in 2024—a 10 per cent
The 2025 figures show Nigeria exported 281 non-oil products, signaling a shift toward value addition and wider participation in global trade. The increase reflects the continued impact of the 2023 naira devaluation on Nigeria’s external trade profile.
-
Oil and Gas21 hours agoNUPRC vows not to approve divestments that doesn’t meet considerations
-
News2 days agoBinance seeks out-of-court settlement with Nigeria over alleged tax evasion
-
Oil and Gas2 days agoDangote warns of prolong global oil shocks
-
Oil and Gas21 hours agoIran eases Strait of Hormuz transit rules amid oil shock
-
Finance21 hours agoCardoso seeks collaboration to check cross‑border financial risks
-
Stock Market2 days agoNGX market capitalisation settle at N128.84tn, cuts Zichis Agro-Allied share price by 50%
-
News2 days agoPower crisis blamed on gas shortages, sector debts
-
News2 days agoFG shortlists 65 student innovators for venture capital grant
